Double-digit worldwide growth for Ferragamo

05/02/2014
Luxury footwear and bag brand Salvatore Ferragamo has reported 9% revenue growth for 2013 to $1.3 billion, countering decline in the Italian market with strong growth elsewhere.

Footwear revenues increased 8% while leathergoods grew 18%, making up three-quarters of group sales.

All geographical areas, with the exception of Japan, registered a double-digit growth in turnover. 

Asia-Pacific represented 37% of sales, up by 10%, while Chinese retail grew 20% growth compared with the same period in 2012.

In October, Ferragamo launched a website to appeal to younger customers.

The company employs 3,000 and owned a network of 620 single-brand stores as of 31 December 2013.