By  on November 14, 2017

MILAN — The year 2017 is one of transition for Salvatore Ferragamo SpA and 2018 will be one of “hard work,” Eraldo Poletto, chief executive officer of the Florence-based company, said Tuesday.

“We have to be stronger, do what’s right, there are a lot of things happening — big changes — and we have to be in sync with the changes,” Poletto said in addressing analysts in a conference call as the group reported a 28.3 percent decrease in net profit, including a negative minority interest of 3 million euros, to 79 million euros in the first nine months of the year. This compares with 110 million euros in the same period last year.

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