Hong Kong unrest weighs on Salvatore Ferragamo - footwearbiz: Leading

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Hong Kong unrest weighs on Salvatore Ferragamo

14/11/2019
Luxury group Salvatore Ferragamo has reported a 2.3% increase in the nine months to September 30, with revenues reaching €994 million.

Sales in China rose 16% but the region was impacted by the ongoing unrest in Hong Kong. 

Third quarter sales in Hong Kong were 45% lower than in the comparable three months in 2018.

Despite this, Asia remains the group’s strongest region.

Globally, footwear sales rose 3.4% and handbags and leather accessories sales increased 4.4%. 

Fragrances performed less well, with revenues in the segment falling 11%. 

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