Italy’s Ferragamo CEO sees no let-up in luxury sector slowdown

Salvatore Ferragamo will focus on boosting profits this year to combat lower growth in the luxury industry as a whole, its outgoing chief executive said on Sunday. Ferragamo posted a larger-than-expected 5 percent rise in first-quarter core profit in May but revenue fell 2 percent to 321 million euros ($362 million). Speaking before the brand's menswear show at Milan Men's Fashion Week, Chief Executive Michele Norsa said the luxury sector would have to focus on managing risks.

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Italy’s Ferragamo CEO sees no let-up in luxury sector slowdown

Milan Fashion Week: Fendi brings springtime colors, fur and frills to the autumn/winter catwalk

As usual, elegance and fur were firmly on the agenda, but Karl Lagerfeld and Silvia Venturini Fendi brought a cool, funky vibe and a fresh feel to this season's collection. The show's funky undertone was felt even before the first models took to the catwalk, as two eye-catching guests — Piro-chan and Bug-kun — were attracting attention on the front row. The tone of the collection was set from the very first catwalk look, showcasing the season's main inspirations right from the outset in one ensemble.

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Milan Fashion Week: Fendi brings springtime colors, fur and frills to the autumn/winter catwalk