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Ferragamo profits surge 22% Thursday, 30th August 2012
Photo credit: Salvatore Ferragamo
Italian luxury brand Salvatore Ferragamo has bucked the trend for a declining luxury sector in Europe after reporting a 22.5 per cent rise in first half net profits to EUR 55.9 million.
According to City AM sales in the period rose nearly 23 per cent to EUR 565.1 million, thanks to tourist spending in Europe and the group’s retail operation in China.
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Posted in fashion, Franchise & Expansion Tagged salvatore ferragamo, italy, italian, ferragamo, luxury, accessories, sales, profit, half, year
