By  on January 31, 2018

MILAN — Salvatore Ferragamo SpA saw preliminary 2017 revenues decline 3.1 percent to 1.34 billion euros, compared with 1.43 billion euros in 2016. At constant exchange rates, sales were down 1.4 percent.

Revenues in the last quarter decreased 8.4 percent, penalized by the currencies trend and by lower promotional sales in the primary own-retail channel, thanks to better control of inventories, said the Florence-based group.

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