Italian fashion group Salvatore Ferragamo said on Thursday insider Alessandro Corsi would be new chief financial officer and strategic director as of Jan. 11.

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The move comes after the announcement on Wednesday that CFO Ugo Giorcelli was leaving the company.

In November Ferragamo, which issued a profit warning last year, said nine-month sales were down 3.3 percent, adding its outlook for the year remained cautious.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)