Furla Sharing the Wealth

The Italian leather goods company has seen a 48 percent increase in turnover over the last three years.

SPREADING THE RICHES: Furla is sharing the wealth. The Italian leather goods company has seen a 48 percent increase in turnover over the last three years, reaching 228 million euros, or about $312 million at current exchange rates, in 2013. It has also been inaugurating a slew of new sales points worldwide: 56 doors have opened since January alone, and by the end of the year, the company expects to have added another 94. It has also been investing significantly in e-commerce.

In light of its continuous growth, Furla has signed an agreement with workers’ federation Filcams-Cgil to boost its employee merit increases for the next three years, with adjustments ranging from an additional three to ten percent, in some cases the equivalent of an extra month’s salary. The changes will affect all of Furla’s more than 1,100 employees – the majority of them women — in 100 countries.

“For us, employees are strategic. The new agreement isn’t a cost, but an investment. In the global market, it’s increasingly important to guarantee, 24 hours a day, total collaboration and support for those who work and manage client relationships professionally all over the world. Everyone’s efforts should be incentivized,” said Furla chief executive officer Eraldo Poletto.

At the end of 2013, 24 percent of Furla’s turnover was domestic and 76 percent foreign.


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