Handbags help Ferragamo hit H1 growth - leatherbiz: Leading news site Leatherbiz

News

Handbags help Ferragamo hit H1 growth

29/08/2014
Luxury group Salvatore Ferragamo recorded growth of 6% in revenues for the first half of 2014, reaching €659 million, and an increase in profits of 8% compared to the same period last year.

The Florence-based group highlighted an increase in sales of handbags and other leathergoods of  16%, while sales of footwear, for which Ferragamo has always been most renowned, up by 6% (at constant exchange rates).

Together, footwear and leathergoods accounted for 78% of all of the group’s revenue in the first half of this year. Footwear sales brought in more than €280 million in the course of the first half of the year. The figure for leathergoods was almost €235 million.


Related stories:

Asia-Pacific proves strong for Ferragamo 18/03/2016
Chinese demand for Italian shoes boosts Ferragamo 13/11/2015
Handbags sales boost Ferragamo’s revenue rise 28/08/2015
Ferragamo stops 90,000 sales of fake goods in 2014 25/03/2015
Leathergoods gains at Ferragamo 13/03/2015
Chinese demand behind Ferragamo’s growth 14/11/2014
US luxury spending eclipses the rest 08/10/2014

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.