Reuters reports that Salvatore Ferragamo has designed a limited collection to raise funds for breast cancer groups called the Pink Collection.

The collection will go on sale in October, which is celebrated as breast cancer awareness month.

10 per cent of Ferragamo’s sales in Asia (Hong Kong, China, Taiwan, Korea, Singapore, India and Australia) will go to breast cancer foundations.

Salvatore Ferragamo in a partnership with Timex introduces a group of luxury watches called the Salvatore Ferragamo Timespieces collection.

Each Ferragamo Timepiece has been Swiss made and features clean lines which reflect the Ferragamo signature design.

“We have 4 main watch families at the moment – F80 inspired by Ferragamo’s eightieth anniversary, Vara inspired by our horseshoe buckle, Gancino inspired by the fastening on our handbags and Salvatore, the name of the brand.”

In an effort to preserve the Earth, the luxury brand has created a line of eco-friendly handbags named Eco Ferragamo.

What makes this collection special is that the bags are made from a nontoxic tanning technique, are lined in handwoven hemp, and use dyes from natural elements such as tree bark.

The results are luxurious, biodegradable, and water-resistant bags that retail from $1,190 to $1,890.

Italian luxury goods maker Salvatore Ferragamo, which has plans for a market listing, is to design the interior of penthouses in Dubai as part of an agreement with Trident International Holdings, a United Arab Emirates-based company operating in the high-end real estate sector.

The Florence-based company said on Tuesday it would design a set of luxury penthouses in the ‘Pentominium’ tower, to be completed in 2012. At 516 meters, and boasting 120 floors and 120 penthouses, the Pentominium is expected to be the highest residential building in the world.

Each penthouse unit boasts at least a floor space of 6,470 square feet (600 square meters) with ocean views. In addition, amenities in the Pentominium include an indoor pool and a Sky Lounge for business functions which directly overlooks the Palm Jumeirah.

“Ferragamo’s entry into the world of high-end residential luxury is an important step in the brand extension process and opens the road to other development opportunities,” Chief Executive Michele Norsa said in a statement.

While standard units are expected to command around US$5.3 million, there is no word on pricing for the Ferragamo-designed penthouses. The official launch of the Pentominium project will take place in Dubai on October 6 with a spectacular fashion show and a charity event. (Source : Press release)