Salvatore Ferragamo’s revenues fell to €1.156 billion in FY23, down 7.6 per cent year-on-year, amid declines across retail and wholesale channels.
Despite a rise in gross profit margin to 72.6 per cent, operating profit dropped by 43.7 per cent to €72 million.
Geographically, sales fell in Asia Pacific and North America, but EMEA saw a 3.4 per cent increase.Salvatore Ferragamo’s revenues fell to €1.156 billion in FY23, down 7.6 per cent year-on-year, amid declines across retail and wholesale channels.
Despite a rise in gross profit margin to 72.6 per cent, operating profit dropped by 43.7 per cent to €72 million.
Geographically, sales fell in Asia Pacific and North America, but EMEA saw a 3.4 per cent increase.
