Ferragamo sales fall amid talk of management overhaul

ferragamo sales fall amid talk of management overhaul

Sumary of Ferragamo sales fall amid talk of management overhaul:

  • By Reuters Published Feb 1, 2021 Reading time 2 minutes Download Print Text size aA+ aA- By Reuters Published Feb 1, 2021 ​Sales at Italian fashion group Salvatore Ferragamo fell by 20% in the fourth quarter, broadly in line with expectations, as new lockdowns in Europe to fight a resurgence of COVID-19 more than offset a strong rebound in China..
  • Ferragamo, which according to some sources close to the matter could be looking to overhaul its management to turn itself around before a possible sale, has been hit harder than most rivals by the coronavirus pandemic..
  • The Ferragamo family, which controls the brand famous for shoes worn by Hollywood stars such as Audrey Hepburn, has repeatedly denied any plans to sell, but speculation was revived recently by looming changes to the make-up of the board of directors…

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