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The Salvatore Ferragamo brand is an Italian luxury goods company, with headquarters in Florence, specializing in shoes, leather goods, and ready-to-wear for men and women. In 1914, Italian shoemaker Salvatore Ferragamo moved to California and opened up a shoe shop for the biggest names in Hollywood at the time, including Joan Crawford and Gloria Swanson. Despite declaring bankruptcy during the Great Depression, the Ferragamo shoe company had regained enough popularity and success to purchase the Palazzo Spini Feroni by 1938, a palace in Florence which currently houses a museum commemorating Salvatore Ferragamo's life and work. Ferragamo has produced great innovation and creativity in the course of its company history. Original creations include the wedge heel, an 18 kt gold sandal, the use of patchwork in leather accessories, and Marilyn Monroe's metal stilettos. Ferragamo's devoted clientele has included Audrey Hepburn, Sophia Loren, Greta Garbo, Andy Warhol and Princess Diana, amongst others. Ferragamo is now an internationally recognized fashion house.