Luxury fashion house Salvatore Ferragamo has recorded a total revenue of € 1,347 million in fiscal year 2018.
The brand operated a retail network of 672 points of sales in 2018, including 409 Directly Operated Stores (DOS) and 263 Third Party Operated Stores (TPOS) in the wholesale and travel retail.
The Asia Pacific region remained the top market in terms of revenue for Salvatore Ferragamo, however, down by 1 percent. Greater China did well while South East Asia market was a little down.
In the fourth quarter, China retail business recorded growth of 7.6 percent.
Download Perfect Sourcing News App for Latest Business of Fashion News
In 2018, the EMEA (Europe, the Middle East and Africa) region reported a plunge of 6.1 percent in revenue, following the change of a commercial partner in a strategic market in the Middle East.
The Luxury fashion house Salvatore Ferragamo also witnessed a drop in North America business with a 5.4 percent decrease in FY 2018.
Japan too recorded a 0.4 percent drop in revenue for the luxury fashion house.
Revenues in the Central and South America in FY 2018 were down 1.9 per cent.
Despite plunge in sales in various markets, the operating costs remained € 712 million.