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Italian luxury market split: Moncler revenue up, Ferragamo sees drop

09 Mar '24

3 min read

Pic: JHVEPhoto - stock.adobe.com

Pic: JHVEPhoto - stock.adobe.com

Insights

In 2023, Italian luxury groups showed contrasting performances: Salvatore Ferragamo's revenue fell by 7.6 per cent, with declines across most markets and product categories, lacking profitability data.
Conversely, Moncler celebrated a decade on Milan stock exchange, with revenues up 17 per cent, and growth in EBIT, net income and a strong financial position.

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