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.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
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Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast