Lee Boy
Long/short equity, french equities, luxury goods companies, research analyst

Ferragamo Offers A Diversified And Long-Term Exposure To The Luxury Industry

Overview and 2013 results

Salvatore Ferragamo Group (OTCPK:SFRGF)(OTCPK:SFRGY) is an Italian luxury goods company that was founded in 1928 by Salvatore Ferragamo in Florence focusing on ladies' footwear. The group operates now worldwide through more than 600 mono-brand stores and employs more than 3,000 collaborators. The company specializes in footwear, leather goods, ready-to-wear, accessories and perfumes. Ferragamo went public in June 2011 and is listed in the Milan stock exchange. The company has a premium positioning and a strong brand image, which makes it possible to target High net worth individuals, generate increasing revenues worldwide and resist to slower economies.

Ferragamo published strong 2013 results with improving revenues and margins:

€m 2013 2012 Variation (%) Revenues ...
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