Gross sales at Italian luxurious group Salvatore Ferragamo fell 16.6 p.c at fixed change charges within the first quarter, the corporate mentioned on Thursday.
“Over the quarter, our efficiency was impacted by continued volatility within the Chinese language market, in addition to a persisting weak point in wholesale and journey retail, additional compounded by an unfavourable comparability,” chief govt Marco Gobbetti mentioned in a press release.
Revenues totalled 227 million euros ($244.5 million), under analyst expectations of 237 million euros in accordance a LSEG consensus.
By Elisa Anzolin, enhancing by Gianluca Semeraro
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