Reuters website reported on July 30 that Italy’s Ferragamo Group released data showing that sales in the second quarter increased by 2.6% year-on-year, mainly driven by Chinese consumers, which was higher than the growth rate in the first quarter. (2.2%), which is also the first time sales growth has picked up in 10 quarters.
In the first half of 2019, the group’s main business revenue increased by 4.4%, reaching 705 million euros, which was higher than expected. Sales growth was mainly driven by the Asian region, with sales in China growing by 16.3%. LeDivelec Lemmi, the group’s chief financial officer, said that the group has noticed the negative impact of Hong Kong demonstrators and it is difficult to estimate its impact on sales in the region.
