Ferragamo 2014 Is Full Of Troubles And Turbulence.

Salvatore Ferragamo SpA (SFER.MI) Ferragamo chief executive officer Michele Norsa recently attended the 2015 autumn winter Milan men's wear Week conference held on the Milan stock exchange, revealing that although the past 2014 was full of troubles and turbulence, the group achieved "very satisfying, even exceeding expectations" at the end of the year.

When SpA (SFER.MI) Ferragamo released its first nine months' earnings in November, it was expected that sales growth in the four quarter could be maintained for the first nine months, making its annual EBITDA

In 2013.

In the first nine months, the total revenue of the group's subsidiaries and Salvatore Ferragamo Ferragamo brand operators Salvatore Ferragamo Group was 297 million 600 thousand euros, an increase of 2.5% over the same period in 2013, an increase of 5.5% slower than that of the first half of the year, which is much lower than that of the same period in 2013. The net profit margin fell 4.6% to 31 million 280 thousand euros compared with the same period last year.

Looking forward to 2015,

Although the global instability factors will continue to affect consumption trends, the strong US dollar and the falling cost of raw materials will help improve annual performance, including tourism retail channels, which will continue to be one of the main driving forces for group growth.

As for the situation in Russia, Michele Norsa said that the local group accounted for only 1% of the group's business and had little impact. He was more worried about the trend of Russian tourists' consumption in other tourist markets.

At the time of the deadline, Salvatore Ferragamo SpA (SFER.MI) rose 2.35% to 22.66 euros on Monday, which has risen more than 11% since 2015.

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Designer brand Maxime Simoens has just been hit by a big hit in 2015. According to sources, LVMH group has already withdrawn from the new designer brand Maxime Simoens. Maxime Simoens has not only reduced the size of the company, but has also suspended the release of the new series.

After the news came out, LVMH group declined to comment on the matter.

LVMH has invested in some young designers, including Marco de Vincenzo and Nicolas Kirkwood, to strengthen ties with these talented designers. On the one hand, they support the growth of their free brands. On the one hand, they can reserve talents for their brands. Perhaps one day they can take over the design work of large brands, such as Givenchy and Louis Vuitton.

However, Maxime Simoens designers revealed the authenticity of the news, but did not want to disclose more details, indicating that the two sides decided to break up in a calm attitude, and designers still have confidence in the future of the brand.

However, Maxime Simoens has lost a gold main consortium, and the future direction of the brand can only wait for the test of time.