Difficult times: An employee standing at the entrance to a Salvatore Ferragamo SpA store in the Tsim Sha Tsui district. Sales fell 45% during the third quarter. — Bloomberg
Paris: Salvatore Ferragamo SpA’s sales in Hong Kong fell 45% during the third quarter as months of anti-Beijing protests held back spending by tourists and locals alike.
The decline at the Italian maker of leather pumps and silk scarves exceeded the impact estimated by some rival luxury companies.
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