Overview

• Salvatore Ferragamo's Q1 2025 revenues fell 1% to €221 million, aligning with analyst expectations but reflecting continued struggles.
• Asia-Pacific sales plunged 14%, underscoring the region's weak demand as a key factor in the brand's downturn.
• The departure of CEO Marco Gobbetti in March, following tensions with the founding family, leaves the company without clear leadership during a critical period.
• Trade tensions and U.S. tariffs have dampened consumer confidence globally, with U.S. and European markets also seeing reduced spending.
• Ferragamo plans to stabilize performance by absorbing U.S. tariffs and introducing mid-single-digit price increases across key markets.