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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting a successful turnaround within the luxury sector, Italian brand Ferragamo has returned to net profitability for the first half of 2026. The company reported that sales grew by 4.6% at constant currencies during the second quarter, marking a significant milestone in its ongoing brand relaunch strategy.
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Sign InThe financial recovery is attributed to improved performance across the company's directly owned boutiques, according to analyst reports. This turnaround occurs amidst a mixed consumer backdrop in Europe; per market data, French consumer confidence stood at 86 in late July 2026, while Spanish unemployment figures improved to 9.87% during the same period.
Investors are now watching for the long-term sustainability of this growth trend. While specific price levels for FERRAGAMO are currently unavailable, market focus remains on broader consumer trends, noting that French consumer spending showed a 0.4% monthly increase as of July 30, 2026.