MILAN — Salvatore Ferragamo SpA’s net profit in the first half of the year dropped 3 percent, to 78 million euros, or $106.8 million, compared with 81 million euros, or $106.1 million, in the same period last year. However, if the capital gain derived from last year’s sale of the Florence-based firm’s stake in ZeFer to the Ermenegildo Zegna Group were excluded, profits would have increased 14 percent.
Net profit in the six months ended June 30 — including a minority interest of 4 million euros, or $5.4 million — reached 82 million euros, or $112.3 million, down 6 percent compared with the first half of last year but, excluding the capital gain, up 10 percent.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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