Ferragamo CEO ‘Confident’ for Year Ahead After ‘Excellent’ 2011
January 25, 2012, 7:18 AM ESTBy Andrew Roberts
Jan. 15 (Bloomberg) -- Salvatore Ferragamo SpA, an Italian luxury goods maker, is “confident” for 2012 after an “excellent” 2011, which included better-than-expected holiday sales, Chief Executive Officer Michele Norsa said today at the company’s men’s fashion show in Milan.
The euro’s weakening against dollar is an advantage for Ferragamo, making it more competitive and boosting margins at the Florence, Italy-based company, Norsa said.
To contact the reporter on this story: Andrew Roberts in Paris at aroberts36@bloomberg.net
To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net
