Salvatore Ferragamo is facing some tough times in India. The new collection – ‘My Ferragamo did receive a tumultous reception at its launch, both in Delhi and Mumbai but the turn-outs at parties usually don’t translate in to sales. Ferragamo is closing down it’s Grand Hyatt store in Mumbai as the sales there don’t justify its existence.

Now comes another big decision from the House of Ferragamo. As per a highly reliable source, Prasanna Bhaskar’s stint as the Regional Director of Southeast Asia & India for Salvatore Ferragamo is coming to an end this December. The source also said that Ferragamo HQ is scouting for a dynamic person to head Ferragamo India and put the brand back on a growth mode.