Salvatore Ferragamo Group Annual Report As at 31 December 2020

Total Page:16

File Type:pdf, Size:1020Kb

Salvatore Ferragamo Group Annual Report As at 31 December 2020 Annual Report 2020 Salvatore Ferragamo Group Annual Report as at 31 December 2020 Salvatore Ferragamo S.p.A. Florence General information Registered office Salvatore Ferragamo S.p.A. Via Tornabuoni, 2 - 50123 Florence Legal information Authorized share capital 16,939,000 Euro - Subscribed and paid-up share capital 16,879,000 Euro Tax code and Florence Company Register no.: 02175200480 Registered with the Florence Chamber of Commerce under REA (Economic and Administrative Register) no. 464724 - Corporate website https://group.ferragamo.com/it/ Salvatore Ferragamo Group Board of Directors’ report Contents Letter from the Chairman 4 Board of Directors’ report on operations as at 31 December 2020 6 Corporate boards 10 Group structure 12 Group description 13 Main Stock Market indicators – Salvatore Ferragamo S.p.A. 14 1. The Group’s main income and financial results for the year 2020 16 2. Introduction 18 3. The Salvatore Ferragamo Group’s activities 18 4. The Group’s operating performance 26 5. Operating performance of the Parent company Salvatore Ferragamo S.p.A.. 48 6. Reconciliation between the Parent company’s net profit/(loss) for the period and shareholders’ equity and the consolidated values of the Group 57 7. Results of Group companies 58 8. Significant events occurred during the year 59 9. Information on corporate governance and ownership structure 70 10. Other information 75 11. Research and development 78 12. Transactions with related parties 78 13. Main risks and uncertainties 79 14. Significant events occurred after 31 December 2020 86 15. Macroeconomic situation and outlook 86 16. Separate Financial Statements as at 31 December 2020 of Salvatore Ferragamo S.p.A. – Proposal for approval 87 Consolidated Non-Financial Statement pursuant to Italian Legislative Decree 254/2016 88 2 | Annual Report as at 31 December 2020 • Salvatore Ferragamo Board of Directors’ report Consolidated Non-Financial Statement Consolidated Financial Statements Separate Financial Statements Consolidated Financial Statements as at 31 December 2020 218 Financial Statements 222 Consolidated Statement of Financial Position – Assets 222 Consolidated Statement of Financial Position – Liabilities and Shareholders’ Equity 223 Consolidated Income Statement 224 Consolidated Statement of Comprehensive Income 225 Consolidated Statement of Cash Flows 226 Statement of changes in consolidated shareholders’ equity 227 Explanatory notes to the consolidated financial statements 228 Comments on the main statement of financial position items (assets, shareholders’ equity and liabilities) 274 Comments on the main income statement items 302 Other information 311 Disclosure pursuant to art. 149-duodecies of the Issuers’ Regulation 327 Statement pursuant to article 154 bis of Leg. Decree no. 58 of 24 February 1998 (Consolidated Law on Finance) 328 Independent Auditor’s Report 330 Separate Financial Statements as at 31 December 2020 340 Financial Statements 344 Statement of financial position – assets 344 Statement of financial position – liabilities and shareholders’ equity 345 Income statement 346 Statement of comprehensive income 347 Statement of cash flows 348 Statement of changes in shareholders’ equity 349 Explanatory notes to the separate financial statements 350 Comments on the main statement of financial position items (assets, shareholders’ equity and liabilities) 388 Comments on the main income statement items 416 Other information 427 Disclosure pursuant to art. 149-duodecies of the Issuers’ Regulation 443 Statement pursuant to article 154 bis of Leg. Decree no. 58 of 24 February 1998 (Consolidated Law on Finance) 444 Report of the Board of Statutory Auditors 446 Independent Auditor’s Report 460 This document has been translated into English solely for the convenience of international readers. Salvatore Ferragamo • Annual Report as at 31 December 2020 | 3 Salvatore Ferragamo Group Board of Directors’ report Letter from the Chairman We will always remember 2020 for the personal and professional challenges it posed, but also for the solidarity, determination, resilience, and courage of many. The health emergency has changed the world and, as a result, also Companies and how these approach their business. The Covid-19 emergency and the lockdowns imposed in several geographies during the first half of the year significantly affected the Group’s business, causing a contraction in both revenues and margins. The industry we operate in was forced to rethink schedules and priorities. This was an overdue and useful exercise: for Salvatore Ferragamo, it made us even more aware that we must make a fresh start by putting sustainability at the center of our strategy. We have reimagined our way of working, putting the health of our staff first and striving to ensure everyone can work safely. Technology has allowed us to continue meeting, and the Ferrragamo teams have showed great dedication and willingness. I am grateful to our people for the passion and sense of belonging to the brand that they have showed even at the most challenging times. 4 | Annual Report as at 31 December 2020 • Salvatore Ferragamo Board of Directors’ report Consolidated Non-Financial Statement Consolidated Financial Statements Separate Financial Statements As the health emergency swept over us, Children’s Hospital in Florence. At such a innovation: this vision has guided us also we took action to support associations and particular and challenging historical moment, during this year as we discovered alternative, healthcare entities in the fight against the we made a point of supporting the young and regenerated and circular materials for our pandemic. Among other projects, we helped research efforts, which are key to a fresh start. collections. From organic silk to regenerated the Italian Red Cross with the renovation of nylon yarns, from recycled post-consumer Florence’s Fraticini Hospital, and supported In 2020, in line with the commitments of the cashmere to certified leather, we are the Tuscany Region by donating 50,000 Fashion Pact, we were the first Italian luxury combining creativity and experimentation units of hand sanitizer and pledging to company to set science-based targets to with the same enthusiasm that colored my manufacture and donate over 100,000 masks reduce our direct and indirect CO2 emissions father’s work. through our contract manufacturers. by 42% by 2029. This commitment makes us proud: a heartfelt thanks to all the teams The experience of our supply chain, comprised That said, the pandemic did not sway us from that worked together to define the targets of world-class artisans, has allowed us our commitments. and dedicate themselves every day to to continue providing our customers with achieving them. products that are the pinnacle of Italian We continued our partnership with the Meyer quality, beauty, and comfort. And we want to Foundation, supporting newborn screening Our history has taught us that at challenging start again from our products. activities and the planned expansion of the times, we can find solutions in creativity and Before the pandemic, our company had been working to consolidate its positioning, investing to bolster its digital presence, optimize physical stores, and communicate in a way consistent with the values that have always defined us. The pandemic has reinforced our vision, and we continue on this journey by focusing on the long-term strategy: we believe the key to the recovery is continuing to believe in ideas, commitment, and creativity, without ever forgetting our history and heritage. The main lesson we have learned is that the power of collaboration allows to grow and innovate, always responding positively to change. Ferruccio Ferragamo Salvatore Ferragamo S.p.A. Chairman Salvatore Ferragamo • Annual Report as at 31 December 2020 | 5 Board of Directors’ report on operations as at 31 December 2020 Salvatore Ferragamo Group Board of Directors’ report 8 | Annual Report as at 31 December 2020 • Salvatore Ferragamo Board of Directors’ report Consolidated Non-Financial Statement Consolidated Financial Statements Separate Financial Statements Board of Directors’ report on operations as at 31 December 2020 Corporate boards 10 Group structure 12 Group description 13 Main Stock Market indicators – Salvatore Ferragamo S.p.A. 14 1. The Group’s main income and financial results for the year 2020 16 2. Introduction 18 3. The Salvatore Ferragamo Group’s activities 18 4. The Group’s operating performance 26 5. Operating performance of the Parent company Salvatore Ferragamo S.p.A. 48 6. Reconciliation between the Parent company’s net profit/(loss) for the period and shareholders’ equity and the consolidated values of the Group 57 7. Results of Group companies 58 8. Significant events occurred during the year 59 9. Information on corporate governance and ownership structure 70 10. Other information 75 11. Research and development 78 12. Transactions with related parties 78 13. Main risks and uncertainties 79 14. Significant events occurred after 31 December 2020 86 15. Macroeconomic situation and outlook 86 16. Separate Financial Statements as at 31 December 2020 of Salvatore Ferragamo S.p.A. - Proposal for approval 87 Consolidated Non-Financial Statement pursuant to Italian Legislative Decree 254/2016 88 Salvatore Ferragamo • Annual Report as at 31 December 2020 | 9 Salvatore Ferragamo Group Board of Directors’ report Corporate boards Board of Directors (1) Ferruccio Ferragamo (8) Chairman Michele Norsa (6) (11) Executive Deputy Chairman Micaela le Divelec
Recommended publications
  • Sustainability Report 2017
    SALVATORE FERRAGAMO GROUP SUSTAINABILITY REPORT 2017 CONSOLIDATED NON-FINANCIAL STATEMENT PURSUANT TO ITALIAN LEGISLATIVE DECREE 254/2016 LETTER FROM THE CHAIRMAN Our Group has been on the path to corporate social responsibility for years now, believing that sustainability is not ancillary, but rather a commitment that must be part of growth strategies and acted on by taking a long-term approach. In 2017, we strengthened our commitment to sustainability by adopting a three-year plan centered on sustainability goals and formalizing a policy that establishes conduct guidelines with the aim of promoting a culture of sustainability. The purpose of this document, which applies to the entire Salvatore Fer- ragamo Group, is to share what we have achieved so far as well as fu- ture challenges and objectives, maintaining a transparent relationship with stakeholders. Thanks to our people and their positive attitude, the value of sustainability has spread throughout the organization and is now at the center of our growth strategies. Our employees represent the essence of our Brand, and this is why we seek to maximize their professional and individual po- tential by offering them opportunities for growing, achieving well-being, and building respect. As evidence of our commitment to the health and safety of our people, in 2017 we obtained the OHSAS 18001 certifi cation for the Osmannoro site and the Italian stores. We plan to expand the scope of the certifi cation over the next few years. We believe in our local community, a byword for history and culture, and its young talents, who are capable of devising solutions to modern problems and rejuvenating Italy's creative heritage.
    [Show full text]
  • Back to School Lunches and Snacks
    Back To School Lunches and Snacks The fall is a busy time of year. When it comes to what you will pack in your child's lunch, packaged or convenience foods may seem like the best choice when you are in a rush. However, foods like soda, chips, cookies and high fat lunchmeats (salami, bologna) have too much fat, sugar, sodium, and total calories. Over time, eating these foods frequently can lead to long-term health problems like high blood pressure, diabetes, and obesity. Extra calories and sugar can also cause children to feel sluggish or cranky in the afternoon while children who eat more nutritious foods tend to do better in school. Help them reach their full potential by packing them a good old-fashioned "brown bag" lunch that includes a variety of foods from different food groups to help provide them with the energy and nutrients they need to grow, play, learn, and stay healthy. To make a lunchbox lunch more appealing for your children, let them help select and prepare their meals. This way, they are more likely to eat their lunch because they feel invested in the process. A bonus for you as the parent is that if your child is involved in the food prep, they can help you clean it up as well. For example, let your children shop for, clean, peel, and/or cut up fruits and veggies (if they are old enough). Let them select the dinner vegetable and then pack the leftovers in their lunch box for the next day. Basics of a Healthy Lunch Box: In every lunch, try to include..
    [Show full text]
  • Heroes, Hooligans, and Knights-Errant: Masculinities and Popular Media in the Early People’S Republic of China
    _full_journalsubtitle: Men, Women and Gender in China _full_abbrevjournaltitle: NANU _full_ppubnumber: ISSN 1387-6805 (print version) _full_epubnumber: ISSN 1568-5268 (online version) _full_issue: 2 _full_issuetitle: 0 _full_alt_author_running_head (change var. to _alt_author_rh): 0 _full_alt_articletitle_running_head (change var. to _alt_arttitle_rh): Heroes, Hooligans, and Knights-Errant _full_alt_articletitle_toc: 0 _full_is_advance_article: 0 NAN N Ü 316 Nan Nü 19 (2017) 316-356 Wang brill.com/nanu Heroes, Hooligans, and Knights-Errant: Masculinities and Popular Media in the Early People’s Republic of China Y. Yvon Wang University of Toronto [email protected] Abstract This article is an exploration of media and gender in urban and peri-urban China dur- ing the 1950s and early 1960s – specifically, the persistent trope of the “hooligan,” or liumang. Since at least the late imperial period, Chinese authorities had feared unmar- ried, impoverished, rootless men as the main source of crime, disorder, and outright rebellion. Yet such figures were simultaneously celebrated as knights-errant for their violent heroism in cultural works of enormous popularity across regions and classes. As the ruling Chinese Communist Party attempted to reshape society and culture after 1949, it condemned knight-errant tales and made hooliganism a crime. At the same time, the state tried to promote a new pantheon of vigilante-like men in the guise of revolutionary heroes. But the state’s control over deeply rooted cultural markets and their products was incomplete. Moreover, the same potent tools that had empowered the Party, in particular its rhetoric of revolutionary subjectivity and its harnessing of modern media technologies, were open as never before to being adopted by the very targets of its efforts at control and censure.
    [Show full text]
  • Greenny Reducing Single-Use Plastics
    Reducing Single-Use Plastics Single-use plastics have only been around for a few decades and make modern life convenient and easy, but What is a Single-Use Plastic? they also have a dark side. Plastic pollution is clogging Single-use plastics (SUP) are commonly used for streams and water infrastructure, littering natural areas, packaging and include items intended to be used only and choking our oceans. Disturbing images of the impact once before they are disposed of. that plastic pollution is having on wildlife and ecosystems also brought the impact of single-use plastics into the Common items include: limelight. • grocery bags • food packaging So, what can we do? • bottles • straws • cups and cutlery 1. Plan Ahead • take-out containers • Make a waste reduction kit for your backpack, handbag, or vehicle so you’re prepared on the go. It can include a reusable: shopping bag, container for leftovers, water bottle, coffee mug, straw, and eating utensils. Keep a similar meal kit at your desk! 2. Think Before You Buy • Purchase and bring plastic free snacks, such as fruit, Avoid products with SUP if possible and if you can’t avoid it, veggies, homemade cookies and dips, and bulk snacks in seek out options with the least amount of packaging. reusable containers. • Purchase refillable travel sized containers for toiletries and • Try bar soap/shampoo/conditioner. refill with larger bottles of products you have at home. • Try a non-plastic toothbrush, such as one made of bamboo. • Purchase post-consumer recycled content trash bags. • Try containers with lids instead of buying plastic wrap to store food.
    [Show full text]
  • Anylock Catalogue En.Pdf
    #애니락카다록2016(영문) 2016.9.12 9:24 AM 페이지1 w w w.anylock.co.kr ¤ | MAR/15/2016,1,000EACopyright C ontact£”+82-53-593-5663 e-mail:[email protected] DAESUNG GLOBAL CO., LTD Head Office 17, Seongseo4chacheomdan-ro, Dalseo-gu, Daegu, Korea Tel:+82-53-593-5663 ZipCode: 42724 Local Sales Office 4F, Unit 437, Doosan We’ve Pavillion, 81, ˇ AnyLock allrightsreserved Sambong-ro,Jongno-gu,Seoul, Korea. TM | Named 100 Patented Product in Year 2005 | Selected for the World Best Product in Year 2006 By the Ministry of Commerce | www.anylock.co.kr #애니락카다록2016(영문) 2016.9.12 9:24 AM 페이지3 £Preparing Fresh Vegetables for your family £Pack your Snacks for family picinic £Store & Organize for various small items £ TM Innovation in Your Kitchen Lock in the original freshness of fruits and vegetables. Keep the crispiness of your leftover chips and nuts. All you need is AnyLock.TM Insert the yellow tip of patented AnyLock TM sealer between the folded top and slide. Locking freshness has never been easier. Developed & Exported solely by DAESUNG GLOBAL #애니락카다록2016(영문) 2016.9.12 9:24 AM 페이지5 TM AnyLock £AnyLock Rod£ AnyLock No. 1 Sealer 355mm No. 2 Sealer 285mm Simple Sliding Sealing Rod No. 3 Sealer 225mm No. 4 Sealer 185mm No. 5 Sealer 130mm CarryLock_ OP £HandleLock Rod£ No. 1 Sealer 435mm No. 2 Sealer 370mm No. 3 Sealer 355mm No. 4 Sealer 285mm No. 5 Sealer 225mm AnyLock_ Ring NEW £AnyLock Rod£ No. 1 Sealer 365mm NEW No. 2 Sealer 295mm No. 3 Sealer 235mm No.
    [Show full text]
  • Vac800/Vac820
    The Original Home Vacuum Packaging System® Vac 800/Vac820 User Manual Copyright © 2003 Tilia, Inc. All rights reserved. This material may not be reproduced or redistributed in any fashion without the express written consent by Tilia, Inc. FoodSaver, Tilia and The Original Home Vacuum Packaging System are trademarks or registered trademarks of Tilia Int’l, Inc. in the United States and other countries. Tilia, Inc. and Tilia Int’l, Inc. are Jarden companies. This product is protected by one or more of the following Patents: U.S.RE 34,929; 4,660,355; 4,941,310; 5,655,357; 6,058,998; 6,256,968; Canada 1,315,746; and their equivalent international patents. Third Printing: June 2003 Printed in the United States of America Item # 18-0161 (6/03) THE FOODSAVER USER MANUAL THE FOODSAVER USER MANUAL Welcome Table of Contents You have just purchased an appliance that will soon Welcome have you wondering how you ever got by without it. The FoodSaver vacuum packaging system is so 2 The FoodSaver Vac 800/Vac 820 convenient and versatile, you’ll find yourself using 4 FoodSaver Accessories it every day. We guarantee that if you make room for it on your countertop, you will quickly see how 6 Important Safeguards indispensable it becomes in your kitchen. 7 Important Tips Foods Will Keep Their “Just Bought” Freshness, Operating Instructions: How to... Flavor and Nutritional Value 3 to 5 Times Longer. ◗ Meats, poultry, fish and produce stay fresh and 8 Make a Custom-Made Bag with FoodSaver Rolls flavorful in your freezer.
    [Show full text]
  • Guide to Handbag Care
    CHUCK HORST ON DENIM & DYE TRANSFER Fashion Finishes & Fabrics Handbag Styles Dramatic Rescues & Makeovers e purse.” t I look at th “...Firs art — Rod Stew AS SEEN IN... InStyle Magazine & Denim Fashionable Questions…Careful Answers Summer 2009 Q A: BAG IT! A G UIDE TO HANDBAG CARE How do I remove blue dye e know how much time, energy and money you invested to acquire that stains from my shoes and Wperfect handbag. Margaret’s created the tooling, techniques and procedures Qbags? needed to maintain and even restore its original appearance. Through our Pulito Purse Service, Margaret’s Cleaners has been cleaning all types The trade-off to supersaturated Before of purses and handbags for many years. The extent of our experience with a wide indigo jeans is that the dye variety of designer bags places us at the top of the list of such specialists in North Aprocess for such a dark finish doesn’t Denim Dye Transfer on a America. The following are just a few of the designer names we service routinely: always set well, according to Chuck Coccinelle Suede Handbag Horst, one of the owners of Margaret’s Cleaners in La Jolla, California. Before Burberry Hermes Nicole Miller wearing them with light accessories, make sure they’ve been washed at least Chanel Isabella Fiore Prada eight times to prevent color transference. If smudging does occur, you’ll need Christian Dior Juicy Couture Ralph Lauren to take the damaged item to a cleaning specialist, who will use chemicals to Coach Loro Piana Salvatore Ferragamo lift the dye without altering the original hue of your purse or pumps....Both Eric Javits Louis Vuitton Yves Saint Laurent Gucci Michael Kors Valentino...and more leather and suede can be saved, but it will take a fairy godmother to restore PVC-coated canvas items to stain-free status.
    [Show full text]
  • My Challenge Choices GETTING
    My challenge GETTING choices STARTED WHAT TO AVOID HOW TO AVOID IT YOUR IMPACT YES I’LL DO THIS GLOBAL OCEAN LANDFILL WARMING Fill your bin with plastics Avoid as much plastic packaging as you can for ‘recycling’ Pre-packed fruit and veg Choose loose products (skip the little plastic bag or put in a reusable bag) Lightweight plastic bags Remember your reusable shopping bags or use a cardboard box Pre-packed meat or fish Shop at the deli counter or butcher or fishmonger for paper wrapped cuts or BYO reusable container Takeaway drink straws Refuse plastic straws (or opt for a paper straw if they have them). BYO reusable straw Takeaway coffee cups Bring your reusable cup or sit and enjoy a real cup Takeaway utensils and Support vendors offering compostable containers alternatives (bamboo or card), BYO reusables or sit and enjoy ‘dine-in’ Bottled water Fill a reusable bottle from the tap Bottled soft drinks Reduce the amount (helps your health), or make your own with a soda maker/ carbonator or choose glass bottles (and recycle) Bin liners (or ‘reusing’ Have a sealed container for ‘wet’ scraps and plastic shopping bags) compost or freeze until bin day. Line the kitchen bin with paper Plastic food wrap for Use a reusable lunch box to store food, store leftovers and sandwiches food in containers or use beeswax wraps Littering: cigarette butts, Dispose of cigarette butts in the bin (they are balloons plastic and wash into the ocean environment) Avoid releasing balloons (what goes up, must come down) AVOID LANDFILL WASTE, REDUCE YOUR ECO-FOOTPRINT, PROTECT THE OCEAN.
    [Show full text]
  • Salvatore Ferragamo
    SALVATORE FERRAGAMO Salvatore Ferragamo is a Florentine House of Luxury specialised in the crafting of fine hand-made products and leather goods. From 1927, creativity, impeccable sense of style and an obsession for details made this prestigious Fashion House conquer a place of honour within the fashion scene. The Florence-based, family-owned company continues to produce the shoes that once earned it the nickname "Shoemaker to the Stars," but also designs, produces, and distributes a full range of men's and women's clothing and accessories. In addition, Ferragamo sells its own branded perfume lines, eyeglasses, watches and jewelry. Salvatore Ferragamo constantly brings a new energy to Italian classicism, taking it to its point of risk: where classic meets audacity, irony and passion. A never ending vision to infuse timeless elegance, creativity, innovation and Italian glamour. With over 3.000 employees and an extensive network of 606 single-brand stores (332 directly operated stores), the Ferragamo Group is present in over 90 countries all over the world. 78 79 KEY FACTS STYLE MILESTONES • 1898 – Salvatore Ferragamo was born in Bonito, in the South of Italy. VARA BOW: the famous gros-grain bow made its first appearance on the shoes in • 1914 – He migrated to the United States. 1978. It became an instant hit, representing perfectly the elegant irony and the chic • 1923 – He opened his first boutique, the Hollywood Boot Shop. audacity of the brand. • By the time he was 25, he had invented and patented a shank that reinfor ced the instep of the foot. It was a footwear revolution, one that blended beauty with comfort.
    [Show full text]
  • Owner's Manual
    Owner’s Manual FM5200 & FM5300 Series www.FoodSaver.com Contents Important Safeguards . 4 Product Features . 5 Quick Start Guide . 7 1. How to Install a FoodSaver® Roll 2. How to Make a Bag from a FoodSaver® Roll 3. How to Vacuum and Seal a Bag from a FoodSaver® Roll 4. How to Use the Retractable Handheld Sealer Care and Cleaning . 11 Guidelines for Successful Vacuum Sealing . 12 Troubleshooting . 16 Replacement Parts . 18 Warranty . 19 Customer Service: 1-877-777-8042 3 Important Safeguards & Tips IMPORTANT SAFEGUARDS The longer cord should be arranged so that it will not drape over the counter top or table top where it can When using electrical appliances, basic safety be pulled on by children or tripped over unintentionally. precautions should always be followed to reduce the risk of fire, electric shock, and/or injury to persons including the following: POLARIZED PLUG 1. Read all instructions before use. This appliance has a polarized plug (one blade is wider than the 2. Unplug from outlet when not in use and before other). As a safety feature to reduce the risk of electricl shock, this cleaning. Allow to cool before putting on or taking plug is intended to fit in a polarized outlet only one way. If the plug off parts, and before cleaning the appliance. does not fit fully in the outlet, reverse the 3. To protect against electric shock, do not immerse plug. If it still does not fit, contact a qualified any part of appliance, power cord or plug in water electrician. Do not attempt to defeat this or other liquid.
    [Show full text]
  • Leftovers and Food Safety Often When We Cook at Home Or Eat in a Restaurant, We Have Leftovers
    Leftovers and Food Safety Often when we cook at home or eat in a restaurant, we have leftovers. To ensure that leftovers are safe to eat, make sure the food is cooked to a safe temperature and refrigerate the leftovers promptly. Not cooking food to a safe temperature and leaving food out at an unsafe temperature are the two main causes of foodborne illness. Safe handling of leftovers is very important to reducing foodborne illness. Follow the USDA Food Safety and Inspection Service's recommendations for handling leftovers safely. Cook Food Safely at Home Keep Food out of the &quotDanger Zone&quot Cool Food Rapidly Wrap Leftovers Well Store Leftovers Safely Thaw Frozen Leftovers Safely Reheating Leftovers without Thawing Reheat Leftovers Safely Refreezing Previously Frozen Leftovers Cook Food Safely at Home The first step in having safe leftovers is cooking the food safely. Use a food thermometer to make sure that the food is cooked to a safe, minimum internal temperature. Red meats: Cook all raw beef, pork, lamb and veal steaks, chops, and roasts to a minimum internal temperature of 145° F as measured with a food thermometer before removing meat from the heat source. For safety and quality, allow meat to rest for at least three minutes before carving or consuming. For reasons of personal preference, consumers may choose to cook meat to higher temperatures. Ground meats: Cook all raw ground beef, pork, lamb, and veal to an internal temperature of 160° F as measured with a food thermometer. Poultry: Cook all poultry to an internal temperature of 165° F as measured with a food thermometer.
    [Show full text]
  • The Designer Collection Monday 10Th October 2016 Thevintage Designer Jewellery Collection & Accessories Mondaymonday 10Th25th Octoberjanuary 20162016 Atat 10Am11am
    The Designer Collection Monday 10th October 2016 TheVintage Designer Jewellery Collection & Accessories MondayMonday 10th25th OctoberJanuary 20162016 atat 10am11am This auction offers the exclusive opportunity to bag yourself the classic Getting your hands on your favourite designers has never been more designer accessories that you’ve been lusting after. thrilling. BurstingFor our fiwith rst Vintage style and Jewellery elegance, & Accessoriesour new collection auction of signatureof 2016 we pieces have will Standbrooch out and pieces ear clips include by Nanna a Hermès Ditzel for Rouge Georg Porosus Jensen areCrocodile bound toBirkin leavesome yougreat spoilt items for for choice. you. Whether you are looking for Valentine’s gifts or 35be handbaga hit with andbuyers. a Chanel The most khaki striking quilted piece glazed I feel caviar is lot 571,leather an handbag;18ct just something to add to your own collection, we can cover it. whatevergold lapis your lazuli taste and you’re diamond bound ring to by find Lapponia, a piece althoughto suit you. it’s an abstract Our stunning range offers you the very best of classic and modern design, design it’s very elegant. withThere names are some including beautiful Chanel pieces and of Hermès Scottish and jewellery, a chance for toexample have them lot at Good luck and happy bidding! incredible181, a late prices. Victorian gold Scottish agate set brooch. There are also Antique jewellery cases have been selling very well in the last two banded agate bead necklaces, these always prove popular so should auctions and we have lots more in this auction, from lot 742. Indexfetch good prices on the day.
    [Show full text]