Norsa

The group last year reported a 26% increase in sales to €782 million $1.08 billion and Mr. Norsa expects to see double-digit growth in sales this year as well.

Ferragamo Focuses on Remaining Independent Sam Holmes 2011

Mr. Norsa declined to comment on the results of the second quarter, which will be disclosed by the end of the summer.

Ferragamo Jumps on First Day of Trading Sabrina Cohen 2011

However, Mr. Norsa said no decision has been made on the timing or location of such an offering.

Ferragamo Focuses on Remaining Independent Sam Holmes 2011

I'm very happy the value of the company was high, which is a good sign for the markets in luxury sector, Mr. Norsa said.

Ferragamo Focuses on Remaining Independent Sam Holmes 2011

The company will make decisions later in the year "according to markets, which are still volatile and unpredictable, so for the time being there is no decision," Mr. Norsa said.

Ferragamo Focuses on Remaining Independent Sam Holmes 2011

"China has become even wider in terms of potential than the United States, in terms of coverage, in terms of cities," Mr. Norsa said, adding that the Chinese market is by far the most advanced of the four BRIC emerging economy giants, which includes Brazil, Russia, India and China.

Ferragamo Focuses on Remaining Independent Sam Holmes 2011

Salvatore Ferragamo was founded in 1927 and began considering an IPO in 2006 when it hired Michele Norsa , a veteran manager of the fashion industry, as chief executive.

Ferragamo Plans to List Up to 25% Sabrina Cohen 2011

Ms. Norsa, a non-family member who quickly gained the confidence of the Ferragamo family, transformed the Italian luxury company into a global player with operations in the U.S. and in Asia.

Ferragamo Plans to List Up to 25% Sabrina Cohen 2011

Michele Norsa , chief executive of Italian fashion house Salvatore Ferragamo SpA, said the family-owned company isn't that worried about the uptick, adding that some bags in its latest collection are made with fabrics as well as leather.

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"Definitely you feel the power of the larger groups in terms of retail, in the capacity to leverage on the number of brands," Michele Norsa , the chief executive of Salvatore Ferragamo, said in an interview in Singapore.

Ferragamo Focuses on Remaining Independent Sam Holmes 2011