Ferragamo Revenues Decline in the Third Quarter
Backstage at Ferragamo Spring/Summer 2027Photo: Vogue Runway
- In the third quarter, Salvatore Ferragamo Group revenues dropped 3.5% year-on-year, on a constant currency basis, to €207 million.
- In the first nine months of the year, revenues remained flat year-on-year, reaching €675 million.
- The company attributed the results to shaky wholesale performance, which offset positive momentum in the direct-to-consumer (DTC) channel during the first three quarters.
- Third-quarter DTC sales, a priority for the group, were flat year-on-year, bolstered by growth in North America and Europe, but dragged by a weak performance in Asia.
- Wholesale sales in the quarter fell 19.1% year-on-year, attributed to a selective distribution and strategic positioning.
Joe Bobowicz is Senior Reporter at Vogue Business. Previously, he worked in house for The Face, i-D, Harrods, and ShowStudio. Bobowicz has worked across creative consulting and branded content, in addition to his journalism. He has also curated art exhibitions and lectured at universities, including Westminster, Central Saint Martins, London ... Read More