Ferragamo bets on DTC, Americas and core product as Q1 revenue slips 5.5% to €209M
North America rose 7.3% to €66.8M on flagship renovations, but Asia-Pacific fell 12% and wholesale dropped 21.8%. Ferragamo is leaning into its 350-store DTC network and core footwear and leather goods while a CEO search continues with Estée Lauder veteran Fabrizio Freda advising.
Ferragamo's Q1 revenue fell 5.5% to €209M as it pursues three-pillar strategy emphasizing DTC, Americas growth, and core products. North America rose 7.3% with flagship renovations; Asia-Pacific and wholesale declined sharply. CEO search continues with Fabrizio Freda advising.