{"id":72941,"date":"2021-11-10T15:26:13","date_gmt":"2021-11-10T14:26:13","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=72941"},"modified":"2021-11-10T15:26:13","modified_gmt":"2021-11-10T14:26:13","slug":"salvatore-ferragamo-posts-e40-million-profit-for-nine-months","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/salvatore-ferragamo-posts-e40-million-profit-for-nine-months\/","title":{"rendered":"Salvatore Ferragamo posts \u20ac40 million profit for nine months"},"content":{"rendered":"

Italian luxury fashion house Salvatore Ferragamo has posted a net profit of 40 million euros for the first nine months of the year, demonstrating the recovery of its business driven by sales in Asia and the United States, after a difficult year in 2020 due to the pandemic.<\/h4>\n

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Salvatore Ferragamo<\/strong> is back to good news. After a difficult period<\/strong> due to Covid, the Italian luxury house<\/strong> recorded<\/strong> a profit of 40 million euros over the last nine months. In the same period last year, the group recorded a loss<\/strong> of 96 million euros.<\/p>\n

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The brand’s turnover climbed<\/strong> 34% in the January-September period<\/strong>, to 785.3 million euros, despite continued restrictions on commercial activities<\/strong> in certain countries, the group said.<\/p>\n

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After a net loss of 72 million euros recorded in 2020 in an economic context thrown into turmoil<\/strong> by the pandemic, the Italian luxury house had emerged from the red<\/strong> in the first half of the year, posting a net profit<\/strong> of 33.4 million euros.<\/p>\n

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Salvatore Ferragamo<\/strong>, which was suffering from a problem with the positioning of its brand<\/strong>, had two difficult years in 2017 and 2018, before starting to recover in 2019. The pandemic put a stop to this recovery.<\/strong><\/p>\n

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Asia Pacific<\/strong>, which remains the group’s largest market<\/strong> with more than 47% of its sales (compared to 53% a year earlier), saw its turnover rise<\/strong> by 22.7% over nine months. In mainland China, retail sales rose<\/strong> by 22.1% at constant exchange rates.<\/p>\n

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In North America<\/strong>, revenue grew<\/strong> 97.1% in nine months at constant exchange rates and 65.7% in the third quarter.<\/p>\n

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Read also > EST\u00c9E LAUDER LAMENTS MIXED QUARTERLY RESULTS<\/a><\/p>\n

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Featured photo : \u00a9 Wikimedia Commons<\/p>\n","protected":false},"excerpt":{"rendered":"

Italian luxury fashion house Salvatore Ferragamo has posted a net profit of 40 million euros for the first nine months of the year, demonstrating the recovery of its business driven by sales in Asia and the United States, after a difficult year in 2020 due to the pandemic.<\/p>\n","protected":false},"author":1,"featured_media":72945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"Italian luxury fashion house Salvatore Ferragamo has posted a net profit of 40 million euros for the first nine months of the year.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"Salvatore Ferragamo,Covid,Luxury,Luxury sector,Italian,Italy,Italian Fashion,North American,Asia Pacific","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-72941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/72941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=72941"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/72941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/72945"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=72941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=72941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=72941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}