MILAN — Global retail and wholesale growth and gains in its footwear and leather goods categories contributed to a 17 percent rise in Salvatore Ferragamo SpA’s 2012 preliminary sales.
In the 12 months ended Dec. 31, the Florence-based company reported revenues of 1.15 billion euros, or $1.47 billion, compared with 986 million euros, or $1.37 billion, in 2011.
Dollar figures were converted at average exchange rates for the periods to which they refer.
The Asia Pacific area remains the group’s core market, accounting for 36.3 percent of total sales, and up 17.5 percent compared with the previous year. The retail channel in the region contributed to the growth, showing a 20 percent jump. Lifted by tourists, Europe posted a 21.4 percent increase. North America grew 16.1 percent, almost entirely achieved on a like-for-like basis.
Sales rose 5 percent in Japan, supported by a favorable exchange rate, but fell 2 percent in local currency. Central and South America were also strong regions, showing a 26.5 percent increase.
As of Dec. 31, the group counted 338 directly operated stores, while the wholesale and travel retail channel included 268 third-party operated stores, as well as a presence in department stores and high-end multi-brand specialty stores.
Ferragamo’s retail distribution channel climbed 14.4 percent to 753.3 million euros, or $964.2 million.
The wholesale and travel retail channel grew 21.6 percent.
Footwear sales gained 19.6 percent and handbags and leather accessories rose 16.4 percent, together accounting for around 75 percent of total revenues. Fragrances climbed 20.4 percent and ready-to-wear 5.4 percent.
The group’s full 2012 financial results will be released March 21.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion