The Salvatore Ferragamo Group, one a leader in the luxury sector, released the group’s preliminary consolidated revenues for fiscal 2017, which was €1,393 million down 3.1 per cent at current exchange rates and 1.4 per cent at constant exchange rates 2016. As of 31 December 2017 the Salvatore Ferragamo Group reported total revenues of €1,393 million down 3.1 per cent at current exchange rates.

The Group's Retail network was 685 points of sales, including 410 Directly Operated Stores (DOS) and 275 Third Party Operated Stores (TPOS) in the wholesale and travel retail channel, as well as the presence in department stores and high-level multi-brand specialty stores.

Among the product categories, at constant exchange rates, footwear posted a decrease of 1.7 per cent decrease as compared to FY 2016 and handbags and leather accessories of 0.8 per cent, while fragrances registered a 2.2 per cent increase.

Asia Pacific emerged the top market in terms of revenues, decreasing by 2.1 per cent due to the significant decrease of Chinese tourists, and the ongoing negative performance in particular in Hong Kong. Europe posted a decrease in revenues of 3.6 per cent as compared to FY 2016, with a positive performance for the retail channel and a negative trend for the wholesale business, negatively impacted by the destocking activity. North America recorded a revenue decrease of 4.2 per cent in FY 2017, also negatively impacted by the department stores sales.