Hong Kong unrest weighs on Salvatore Ferragamo - leatherbiz: Leading n Leatherbiz

News

Hong Kong unrest weighs on Salvatore Ferragamo

13/11/2019
Luxury group Salvatore Ferragamo has reported a 2.3% increase in the nine months to September 30, with revenues reaching €994 million.

Sales in China rose 16% but the region was impacted by the ongoing unrest in Hong Kong. 

Third quarter sales in Hong Kong were 45% lower than in the comparable three months in 2018.

Despite this, Asia remains the group’s strongest region.

Globally, footwear sales rose 3.4% and handbags and leather accessories sales increased 4.4%. 

Fragrances performed less well, with revenues in the segment falling 11%. 


Related stories:

Footwear and bags help Ferragamo weather storm 30/01/2020
Salvatore Ferragamo AW20 a “paean to all things leather” 14/01/2020
Ferragamo: latest standard is an important milestone 12/09/2019
Fashion Pact commits to leather certification 23/08/2019
China’s love for Salvatore Ferragamo grows 31/07/2019
Japanese group acquires Florence-based leathergoods brand 13/06/2019
Ferragamo makes a strong start to 2019 16/05/2019
New creative director at ‘not for sale’ Ferragamo 28/02/2019
China offers optimism for Ferragamo 30/01/2019

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.