Editor
Operating profit at Salvatore Ferragamo almost halved last year from 2022, weighed down by investments the Italian luxury goods group sustained as part of efforts to reverse a drop in sales.
The family-controlled luxury shoemaker is seeking to revive its fortunes, and adapt to fast-changing shoppers’ tastes, under former Burberry chief executive Marco Gobbetti, who took over in 2022.
Earnings before interest and tax came in at 72 million…
