Ferragamo confirms profit dive
11/03/2025
Italian footwear and leathergoods brand Salvatore Ferragamo has confirmed a more than 50% reduction in profit for 2024 to €35 million, and a 10% drop in revenues to €1bn. The group attributes the drop to a complex market context, ongoing geopolitical tensions and macroeconomic uncertainties, impacting the demand for luxury goods. Asian markets...