Italian luxury group Salvatore Ferragamo is implementing a plan to boost sales and revitalize its brand amidst declining consumer demand. The company reported a first-half adjusted net loss of 16 million euros, a stark contrast to the 6 million euro profit in 2024. Sales fell by 7.1% to 474 million euros due to weak demand in Asia Pacific. Changes are being made to regain momentum.

Read more at Yahoo Finance: Ferragamo launches action plan after H1 loss