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Ferragamo plans 70 store closures after 2025 slide

Ferragamo reported 2025 revenue of 976.5 million euros ($1.13 billion), down 5.7% YoY, with EBITDA falling 22.7% to 166 million euros ($191 million). Asia-Pacific led regional declines with a 15.6% drop to 246 million euros ($284 million), while North America grew 3.1% at constant currency to 305 million euros ($352 million). Core footwear sales fell 11.1% to 409.6 million euros ($472 million). Net loss narrowed to 49 million euros ($56 million) from 68 million euros ($78 million). The brand plans to close around 70 underperforming stores in 2026, primarily in China.

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