Ferragamo Sales Decline Slightly in Q1 as US Weighs

Sales at Italian luxury group Salvatore Ferragamo declined by 6.5 percent at constant exchange rates in the first quarter, hit by a slowdown in the US market, the company said on Thursday.

Revenues totalled €278 million ($305 million), broadly in line with analyst expectations of €280 million, according to a Refinitiv consensus.

At the end of February, the first products designed by the new creative director, Maximilian Davis, arrived in…