Ferragamo’s Sales Fall 20% in Fourth Quarter

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Salvatore Ferragamo Fall/Winter 2014. Salvatore Ferragamo.

Sales at Italian type team Salvatore Ferragamo fell by means of 20 p.c in the fourth quarter, extensively in line with expectancies, as new lockdowns to combat a resurgence of Covid-19 in Europe greater than offset a robust rebound in China.

Full-year gross sales plunged by means of a 3rd to 916 million euros ($1.1 billion), when put next with a SmartEstimate consensus estimate of 911 million euros equipped by means of Refinitiv.

By Claudia Cristoferi, enhancing by means of Silvia Aloisi

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