Salvatore Ferragamo Faces Potential Asset Write-Down

Salvatore Ferragamo S.p.A. (IT:SFER) has released an update.

Salvatore Ferragamo S.p.A. anticipates a potential write-down of €70 to 90 million due to asset impairments, reflecting a general slowdown in the luxury sector. Despite this, the company’s total assets remain strong at €1,736 million as of June 2024, and its ordinary management outlook continues to be positive.

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