Ferragamo reports 30% profit growth in 2012 and ends joint venture with Zegna

Florentine based Salvatore Ferragamo reports impressive results for 2012, with a 17% increase in turnover to a total of 1,153 billion euros and net profit growth of 30% to 106 million euros. Ferragamo announced that it has recently ended its long term joint venture with Zegna another major Italian privately owned luxury house. It is not yet clear whether Ferragamo will continue to produce the leatherwear products (shoes, bags, small leather accessories) of Ermenegildo Zegna.

Salvatore Ferragamo, Spring Summer 2013 campaign