Ferragamo Slows China Expansion But Remains Opportunisticchinese, china, real estate, 夏威夷房地产, 高尔夫, 夏威夷, 檀香山, 夏威夷高尔夫

Ferragamo Slows China Expansion But Remains Opportunistic
Florence-based luxury retailer Salvatore Ferragamo’s global sales got a boost from China in 2013 with sales in China growing 20 percent. Ferragamo has more than 75 points of sale in China and the company believes the “coverage of territory there is quite well distributed.” There are no plans for major expansion; instead, the company will open three or four stores a year, with “opportunities in airports” given some new terminal openings. In 2013, Asia-Pacific sales grew by 11 percent to 466.5 million euros, or $615.7 million and accounted for 37.1 percent of Ferragamo’s total sales.

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