Home / Knowledge / News / Results/Reports / Salvatore Ferragamo records €1,347 million revenue in FY18

Salvatore Ferragamo records €1,347 million revenue in FY18

16
Mar '19
Pic: Salvatore Ferragamo
Pic: Salvatore Ferragamo
Salvatore Ferragamo, a world leader in the luxury goods sector, has reported total revenue of €1,347 million during fiscal 2018. As of December 31, 2018, the group's retail network counted on a total of 672 points of sales, including 409 Directly Operated Stores (DOS) and 263 Third Party Operated Stores (TPOS) in the wholesale and travel retail channel.

The Asia Pacific area is confirmed as the group's top market in terms of revenue, decreasing by 1.0 per cent, with a positive performance in Greater China, partially penalised by the negative performance in South East Asia. Specifically in the fourth quarter, the retail channel in China recorded a solid revenue growth of 7.6 per cent.

In 2018, EMEA posted a decrease in revenue of 6.1 per cent, mainly owed to the negative wholesale business in the last part of the year due to the delayed deliveries following the change of a commercial partner in a strategic market in the Middle East.

North America recorded a revenue decrease of 5.4 per cent in FY18, mainly impacted by the negative trend of the department stores sales.

The Japanese market registered a 0.4 per cent decrease in revenue in 2018, with retail stores recording a positive performance at constant exchange rates both in FY18 and in fourth quarter, while negatively impacted by the strategic rationalization of the wholesale channel.

Revenues in the Central and South America in FY18 were down 1.9 per cent, but up 4.2 per cent at constant exchange rates, mainly due to the performance of the retail network.

In 2018, the operating costs remained stable at 712 million. The increase in costs was mainly due to the beginning of the activities for the reinforcement of the organization and processes and to the communication expenses. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Modanisa

Apparel/Garments | On 23rd Mar 2019

European bank invests in Turkish fashion e-com platform

The European Bank for Reconstruction and Development (EBRD) recently...

UNIDO to train cotton farmers in Egypt on sustainability

Textiles | On 23rd Mar 2019

UNIDO to train cotton farmers in Egypt on sustainability

The United Nations Industrial Development Organisation (UNIDO) has...

China to boost investment in Bangladesh: envoy

Textiles | On 23rd Mar 2019

China to boost investment in Bangladesh: envoy

China would facilitate more investment by its companies and small and ...

Interviews View All

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search