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Fashion: golden 2015 for Versace and Ferragamo

Versace's turnover is growing at an annual rate of 20-21% and in 2017 it could reach 850 million euros according to the estimates of the CEO Gian Giacomo Ferraris: "The goal is to be listed" - Double growth in Italian tourist cities for the Florentine brand Salvatore Ferragamo – The data on Ferragamo's sales in Japan are also very positive

Fashion: golden 2015 for Versace and Ferragamo

2015 is an extremely positive year for brands in the luxury sector. This is demonstrated by the data of Versace and Ferragamo which testify to a great growth in the last period.

For Versace, the managing director Gian Giacomo Ferraris underlined during the seventh Luxury Summit of the Sole 24 Ore that the Milanese haute couture maison closed 2014 with a turnover of around 550 million euros. According to statements by Ferraris, Versace's turnover this year should reach around 650 million euros “since we are growing at a rate of 20-21% per year. In 2017 – said the CEO of Versace – we should reach 850 million euros in turnover”. “Although the company is a family one, explained Ferraris – it has a managerial structure, precisely in view of the listing”. The placement on the Stock Exchange could arrive in 2018. The EBITDA, underlined the manager, today stands at around 13% of turnover and has improved over the last few years.

Sales boom in Italian cities for the brand Salvatore Ferragamo. This was stated by the CEO of the Florentine fashion group, Michele Norsa, specifying that in all Italian tourist cities there is "a very robust double-digit growth in sales and growth has further increased over the last 60 days", perhaps even thanks to Expo, not so much for the direct tourists it brings to Milan "but as consumption and investments that it has set in motion and which favor both the economy of Milan and the Italian one". The data on the sales in Japan: "The Ginza shop - said Norsa from the stage of the seventh Luxury Summit of the Sole 24 Ore - in a few months it has risen from fourteenth in the world to fifth, thanks to purchases by tourists, especially Chinese who are over 50%".

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