Revenues at Italian luxury group Salvatore Ferragamo beat market forecasts in the first quarter despite a decline in retail sales in China, and the group said it expected to double sales in the medium term.
Salvatore Ferragamo and Amazon said on Tuesday Chinese authorities had seized counterfeit products in the Zheijang province, following a global investigation in which the luxury group and the online retailer cooperated.
Italy's Salvatore Ferragamo said on Monday it had appointed Maximilian Davis as creative director, starting from March 16, in a further step by the luxury group to refresh its products and boost sales.
Fragrance giant Inter Parfums has reported a strong 2021 with a 23% sales rise and surging earnings compared to 2019. Net sales reached $879.5m last year while the gross margin rose to 63% from 2019’s 62%.
Timex Group India Ltd reported a net loss of Rs 5 crore ($7 million) for the third quarter ended December 2021, as against a net profit of Rs 4 crore it reported in the corresponding period of previous fiscal year.