By  on November 12, 2015

MILAN — The impact of negative hedging dented margins and revenues at Salvatore Ferragamo SpA, despite growth in all its markets, driven by its retail network in China, and a solid gain in handbags and leather accessories.

The Florence-based firm saw net profit in the first nine months of the year edge down 0.3 percent to 113.4 million euros, or $125.4 million. This included a minority interest of 1 million euros, or $1.1 million, and compares with 113.8 million euros, or $153.6 million, in the same period last year.

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