The Tamesis
On a constant currency basis, Ferragamo’s revenue fell 3.8% to 977 million euros in fiscal 2025. Sales improved slightly in the fourth quarter, falling 2% to 282 million euros.
“Since the second quarter of 2025, the Group has identified new key business priorities and begun implementing the necessary actions to ensure full coordination of design, products, communication and distribution channels, leveraging its strong heritage and innovation capabilities,” the company said in a statement. The Ferragamo Group has been without a CEO for almost a year, since the exit of Marco Gobbetti in March 2025.
Direct-to-consumer (DTC) sales rose 6.3% in the fourth quarter, but that was not enough to offset a 30.6% decline in the wholesale channel. The company attributed the wholesale losses to a “renewed focus on controlled distribution and large customers.” Full-year DTC sales increased 0.4%, while wholesale volume fell 17.1%.
By region, sales in North America, which accounts for more than 30% of the brand’s revenue, grew 3.1% for full-year 2025. Sales in Europe and Asia Pacific, which each accounted for about a quarter of revenue, fell 6.5% and 11.5% respectively. Sales in Japan fell 3%, while Central and South America performed best, growing 7.9%.
From a category perspective, sales of footwear and leather products (both accounting for more than 40% of sales) fell by 8.1% and 0.6% respectively. Clothing revenue, which accounts for 6.3% of total sales, rose 0.2%, while the “Silk & Others” category grew 3.2%.
“Given that the geopolitical and macroeconomic environment remains uncertain and the wholesale business is likely to remain challenging, our focus in 2026 will be to maintain current momentum, fully deploy the revised positioning and reassess our retail distribution network,” the company said. “We look forward to building on these initial positive results to reignite brand appeal and support top and profitability.”
