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Italian luxury group Salvatore Ferragamo reported on Wednesday a 1 percent decline in sales at constant exchange rates for the first quarter, due to weak sales in the Asia Pacific region.
The company, currently without a CEO after the exit of Marco Gobbetti two months ago, posted revenues of €221 million ($247.50 million) in the quarter, slightly below a Visible Alpha analysts’ consensus of €223 million.
“The difficult macroeconomic environment, weighing on consumers’ confidence,…
