APAC PerformanceAPAC performance was softer than expected in 4Q24, with a decline to -25% due to weak trends in both DTC and wholesale channels.
Tariff UncertaintyUncertainty surrounding U.S. tariffs and their potential negative impact on consumer confidence in the U.S., Europe, and China weighs on Ferragamo's 2025 outlook.
Wholesale WeaknessFerragamo's wholesale segment weakened further in 4Q24, declining to -19% at c.FX, reflecting a negative trend contrary to previous management commentary.