Demand for Ferragamo grows in first quarter - leatherbiz: Leading news Leatherbiz

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Demand for Ferragamo grows in first quarter

13/05/2014
Following 9% revenue growth for 2013 to $1.3 billion, luxury footwear brand Salvatore Ferragamo has announced a 6% rise in first-quarter sales to €299million.

Sales in Asia-Pacific grew 6% in the three months to the end of March, with 10% growth in the retail channel in China. Sales in Europe increased 9% while in the US they grew 2%.

Sales of handbags and leather accessories grew 17% while footwear sales increased 6%. Together they represent 77% of total revenues.

The Italian group employs more than 3,700 and operated a network of 620 mono-brand stores as of March 31, 2014.

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