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.
Penelope Cruz wows in a strapless white @chanelofficial feather dress. She is nominated for Best Movie/Limited Series Supporting Actress for The Assassination of Gianni Versace: American Crime Story. #Emmys
Take a peek into Gucci's new Instagram account (@guccibeauty), which is guided by Creative Director Alessandro Michele’s vision of beauty. In typical Gucci fashion, the account already features a series of artworks spanning across history, ethnicity, culture and geography. It will showcase and promote its new cosmetic launches and fragrances as well as looks from the fashion shows and special collaborations with artists and talents. #wwdbeauty
Photographed by @delphachardphotos