Tyrone MacStiophain
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A cobbler could probably rig up a repair, and I'd probably go that route, though there might be some awkward stitching. You could also call/email Ferragamo and tell them the truth about where you got the shoes, and offer to buy a replacement tassel. Some companies, in my experience, will just send you a free replacement.
P.S. Swanson's in Wallingford do good work. Do you have a go-to for shoe repairs?