Brief: Ferragamo plans to close 70 stores in 2025 and 2026, executive says

Salvatore Ferragamo

11/03/2026 17:55

March 11 (Reuters) - Salvatore Ferragamo SpA SFER.MI, Ernesto Greco in conference call with analysts:

FERRAGAMO EXEC: IN 2025 AND 2026 WE WILL HAVE AROUND 70 CLOSURES OF NON-STRATEGIC LOCATIONS

FERRAGAMO EXEC: OUR BUSINESS IN THE MIDDLE EAST VERY NEGLIGIBLE, UNDER 2% OF REVENUES

FERRAGAMO EXEC: IF MIDDLE EAST CRISIS LASTS LONG, OUR BUSINESS WILL BE AFFECTED INDIRECTLY WITH INFLATION, SOFTER DEMAND, FEWER PEOPLE TRAVELLING

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