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HomeLifestyle NewsFerragamo Beats Forecasts with 1.7% Revenue Rise as CEO Search Continues

Ferragamo Beats Forecasts with 1.7% Revenue Rise as CEO Search Continues

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Italian luxury group Salvatore Ferragamo posted a stronger-than-expected 1.7 percent rise in quarterly sales, as it begins implementing turnaround measures while continuing its search for a new chief executive.

Revenues reached €221 million ($258 million) in the July-September period, with double digit growth in North America outweighing a slowdown in Asia, the company said on Thursday.

The figure is above a Visible Alpha analyst consensus forecast of €208 million.

The Florentine group,…

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