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Ferragamo CEO Confirms Single-Digit Rev. Growth Outlook for 2014 2014-06-22 12:11:46.392 GMT
By Andrew Roberts June 22 (Bloomberg) -- Outlook for the second part of the year is better than the first, CEO Michele Norsa says at fashion show in Milan. Norsa also says: * “Speed of the industry is not the speed of past years” * “It’s still a positive year” despite market volatility * Revenue, profit still growing in key areas of world * Fewer Russians, Ukrainians shopping in Europe because of crisis * “We may consider some small increases” in price if strong euro persists; price increase to be less than 8% * Travel retail is “driver” of growth * For men, “shoes become a little more an addiction”
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To contact the reporter on this story: Andrew Roberts in Paris at +33-1-5365-5015 or aroberts36@bloomberg.net To contact the editors responsible for this story: Celeste Perri at +31-20-589-8505 or cperri@bloomberg.net Tuhin Kar, Matthew Brown