Wholesale drags down revenue at Ferragamo
21/11/2017
Luxury brand Salvatore Ferragamo has reported revenue of just over €1 billion in the first nine months of 2017, a drop of 0.9% compared to the same period of last year. This was primarily due to a 4.7% fall in wholesale revenue, which the brand attributed to “destocking activity”. Its retail sales were up 1.2%. Ferragamo’s footwear sales...
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