Salvatore Ferragamo Shares Tumble as Luxury Market Rebound Stalls
Market Performance and Revenue Contraction Italian luxury powerhouse Salvatore Ferragamo saw its shares drop significantly in Milan trading this week following the release of a first-quarter report that revealed a deepening sales decline. The company posted a 16.6% drop in revenue at constant exchange rates for the first three months of 2024, signaling that the…