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Salvatore Ferragamo: Weak DTC business results in negative quarterly results

Italian fashion house Salvatore Ferragamo S.p.A. reported a slight drop in revenue in the first quarter of the current financial year. This result was primarily due to the negative consumer climate in the Asia-Pacific region and the weak performance of the direct-to-consumer (DTC) business. As of March 31, group revenue amounted to 221 million...

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Business

Volatile China market impacts Salvatore Ferragamo's Q1

Salvatore Ferragamo Group’s revenues of 227 million euros were down 18.3 percent at current exchange rates and 16.6 percent at constant exchange rate. In a statement, the company attributed the negative DTC performance to January trading and a volatile consumer environment in Greater China. The wholesale channel, Ferragamo added, was penalised...

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