MILAN, July 20 (Reuters) - Sales at luxury goods group
Salvatore Ferragamo almost doubled in the second
quarter after a pandemic-led slump in the same period of last
year, with China, the Americas and Korea driving the rebound.
However, revenues are still far from pre-Covid levels and
Ferragamo is counting on the arrival of Burberry CEO Marco
Gobbetti at the helm later this year to drive turnaround efforts
that have so far struggled to yield results.
Ferragamo, which has been hit harder than most rivals by the
fallout of the coronavirus crisis due to its exposure to travel
spending, said on Tuesday first-half sales grew by 46.2% at
constant exchange rates to 524 million euros ($617 million).
In the second quarter alone revenues rose 90.5%
year-on-year, it said.
($1 = 0.8499 euros)
(Reporting by Claudia Cristoferi; editing by Valentina Za)
Burberry (BRBY)