In the first half of 2023, the brand’s sales amounted to 600 million euros, 4.8% less than in the same period of the previous year. WWD writes about it.
According to the executive director of the brand, Marco Gobbetti, the start of sales of the debut collection of Davis, the new creative director of the fashion house, fell in the middle of the first half of the year and slightly softened the results. The main reason for the fall of the CEO called the decline in demand in the US market.
Remember that in the financial report for 2022, Ferragamo representatives noted a profit growth of 10.2%.
