Ferragamo takes full control of retail operations in Brasil, ahead of further expansion

Italian luxury house of Salvatore Ferragamo ,which has recently announced the doubling of its profits for the full year, is taking over direct control of its retail operations in Brasil from local franchisee Brasil Fashion, starting with this month. Brasil Fashion has been operating in franchising the 3 Ferragamo stores in Brasil, at Cidade Jardim Mall in Sao Paulo and those in Leblon and Rio de Janeiro. This is part of Ferragamo’s strategic approach to directly operate stores in key markets such as Brasil, having recently closed a similar deal in China.

Salvatore Ferragamo, Spring Summer Men, 2013