Salvatore Ferragamo specialises in producing and distributing luxury collections of shoes, leather goods, apparel and others. Credit: MIKI Yoshihito/ Flickr (Creative Commons).

Italian luxury goods company Ferragamo has reported a total revenue of €844m ($891.22m) in the first nine months of fiscal year (FY) 2023.

This is a decrease of 8.3% at current exchange rates compared with the first nine months of FY22.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company’s revenue for the FY was affected by a negative perimeter effect both in retail and wholesale channels.

During the period ending 30 September 2023, consolidated net sales of Ferragamo’s retail distribution channel declined 10.2%. Its wholesale channel registered a decrease of 16.6%.

Regionally, the retailer posted a 16.4% sales decline in Asia Pacific in those nine months of FY23. Meanwhile, net sales in Europe, the Middle East and Africa (EMEA) increased 3.1% over the period.

See Also:

In North America and Central and South America, net sales of Ferragamo declined by 20.1% and 3.1%, respectively, during the period.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Ferragamo chief executive officer and general manager Marco Gobbetti said: “In these nine months we continued to invest in our business, making critical choices and progressing in the execution of our strategic priorities, in line with our plans. We are pleased by the early results of the products designed by our creative director, Maximilian Davis, confirmed by the success of our recent Spring-Summer ’24 Fashion Show, which gained excellent resonance and visibility.

“The overall sales performance reflects, at this stage, the ongoing focus on quality of sales and rationalisation of distribution networks, as well as the evolution of the offer and the acceleration of the transition to the new creative course, the full potential of which, will become evident in 2024.”