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by @patrickstarrr…

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by @patrickstarrr



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Salvatore Ferragamo posts FY19 revenue of €1,377 million

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Salvatore Ferragamo, an Italian luxury goods company, posted 2.3 per cent revenue growth to €1,377 million in full fiscal 2019 ended on December 31, 2019 compared to revenue of €1,347 million in prior fiscal. Gross profit rose 3.7 per cent to €893.49 million compared to €861.98 million in prior fiscal. Net profit grew 1.7 per cent to €91.7 million.

 

However, operating profit in FY19 decline 8.2 per cent to €137.51 million (FY18: €149.76 million). Profit before tax reduced 9.7 per cent to €122.70 million. 

 

Apparel revenue in FY19 fell 2.9 per cent to €74.23 million compared to revenue of €76.47 million prior fiscal. Footwear revenue grew 3.8 per cent to €575.57 million compared to €554.72 million in prior fiscal. Leather goods revenue rose 3.7 per cent to €540.81 million compared to €521.44 million in prior fiscal. 

 

Revenue of Retail sector grew 2.4 per cent in FY19 to €899.48 million (FY18: €878.21 million) compared to prior year. Wholesale channel registered rise of 3.1 per cent to €461.37 million (FY18: €447.53 million). Licenses and services revenue in FY19 jumped 21.8 per cent to €11.59 million (FY18: 9.51 million).

 

Geographically, Europe posted 5.3 per cent increase in revenue to €347.24 million (FY18: 329.71 million). North America revenue rose 0.7 per cent to €317.88 million. However, Japan’s revenue dropped 0.5 per cent to €118.45 million. Asia Pacific reported 1.1 per cent increase in sales to €511.31 million (FY18: €505.54 million), mainly due to 13.8 per cent revenue growth in China. Revenue in Central and South America rose 7.1 per cent to €82.37 million (FY18: €76.87 million).

Fibre2Fashion News Desk (JL)

Salvatore Ferragamo, an Italian luxury goods company, posted 2.3 per cent revenue growth to €1,377 million in full fiscal 2019 ended on December 31, 2019 compared to revenue of €1,347 million in prior fiscal. Gross profit rose 3.7 per cent to €893.49 million compared to €861.98 million in prior fiscal. Net profit grew 1.7 per cent to €91.7 million.





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Australia reacts to their final vows.

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To catch up on all the MAFS 2020 recaps and gossip, check out The Twins recaps and visit our MAFS hub page. And sign up for our Recaps newsletter to get them straight into your inbox. 

Goodness, this season of MAFS has felt like a downright marathon.

But before we watch Mishel and Steve and Lizzie and Seb share their final vows, we have questions:

Will Lizzie self-sabotage her relationship with Seb and get her reality TV happily ever after?

Will Mishel finally give Steve the stern talking to he deserves?

Or will Steve finally feel “physically attracted” to Mishel and kiss her?

The last one’s rather dubious but really we just want to see Mishel get the justice she deserves.

Watch Steve’s MAFS audition tape… AKA the one where he says he prefers ‘younger women’. Post continues below.

The couples are told to return home before their final vows, and it seems like distance has made Steve’s heart grow even fonder of Mishel.

Mishel, on the other hand, has had a realisation. She is sick of Steve’s sh*t.

Finally, at the wedding, Mishel says the words we’ve been dying to hear.

“I feel you have been stringing me along this whole time,” she begins.

“Giving me hope when there was no hope. Your words were leading me on to believe you had stronger feelings for me than what you truly had and that is not okay.”

YES MISHEL. The women of Australia are clapping for you.

Oh, but she’s not done.

“The woman who stands in front of you today does not need to be validated by a man. Especially a man who has not considered my feelings along his journey,” she continues.

“We are done. Steve, you have wasted my time.”

It was a glorious moment. Image: Giphy.





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