In the fourth quarter, the DTC channel achieved positive growth in South Korea, the Chinese Mainland, and Southeast Asia.

In the first nine months of this year, Ferragamo Group reported total revenue of €695 million, representing a year-on-year decline of 4.5% at constant exchange rates and a 6.6% decline at current exchange rates.

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Ferragamo On February 3, Salvatore Ferragamo S.p.A. ann […]

Mr. Leonardo Ferragamo, Chairman of the Board of Directors of Salvatore Ferragamo S.p.A., recently gave an exclusive interview to Luxe.CO.

Given the ongoing uncertainty in luxury consumer demand, Ferragamo Group expects its full-year operating results to approach the lower end of analysts’ current estimates.

In the Chinese Mainland market, Q2 net sales declined by 3.9% at constant exchange rates, an improvement compared to the 21.1% decline in Q1.

As of December 31st, 2023, Ferragamo’s net sales for the fiscal year 2023 decreased by 11.1% year-on-year to 1.12 million euros (calculated at a fixed exchange rate: -8.4%).

These three companies were co-founded by Salvatore Ferragamo and Chinese-Hong Kong entrepreneur Peter K.C. Woo.

Ferragamo noted that they are quite encouraged by the positive customers’ reaction in China since the restrictions were lifted.