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Booming financial results for Salvatore Ferragamo

 

Salvatore Ferragamo flagship store Fifth Avenue, New York

Salvatore Ferragamo registered a record 2011, the year of its IPO, reaching a revenue total of 986,4 million euros, an increase of 26,2% on the previous year. The Asia Pacific region remains the number one market of Ferragamo accounting for 36,3% of its turnover, with a 44% growth in China alone. Sales in Europe for Ferragamo grew by 30,8%, the US by 27% and South America by 35%. Shoes represent over 46% of all sales, followed by leathergoods (32%). Over 42,3 million euros have been allocated for development, opening of directly operated stores worldwide.