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Salvatore Ferragamo Appoints Former Furla CEO To lead Group

MILAN, Italy — Italian luxury items group Salvatore Ferragamo mentioned it appointed as new chief govt former Furla head Eraldo Poletto, credited for a doubling of sales on the accessibly-priced handbag maker in the salvatore ferragamo sneakers womens laces white final 5 years.

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Ferragamo on Thursday posted a bigger-than-expected five percent rise in first quarter core revenue but weak markets in Europe and Asia pushed revenues down two % to €321 million, each at fixed and current change rates, just under a Thomson Reuters forecast of €326 million.

Chairman Ferruccio Ferragamo informed analysts that Poletto would take over from Michele Norsa, who has led the Florence-based group since 2006 and who is leaving for private causes, on August 2.

Since itemizing in 2011 Ferragamo shares have doubled in worth. Nevertheless, the stock is down 9 % this year because the luxury industry grapples with slower financial growth in China, plunging oil prices and security threats which have damage tourism.

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