Warning from Ferragamo chief on slow growth
21/06/2016
"Growth will not be as strong as in past years, when the Chinese economy and new markets have been opportunities for the industry," Mr Norsa said.
He said that Ferragamo, where he has been in charge since 2006, will focus on boosting profits rather than pushing sales as it will be hard to predict “given the growth of volumes”.
The company posted a 5% rise in profit for the first quarter of 2016 but revenue decreased 2% to €321 million ($362 million).
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