SPGPrints is a global provider of integrated solutions for rotary screen...Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.It is believed that by early 19th century, Varanasi weavers had moved away ...Alexium International is a specialty chemical development company...Taxation policies need to be made simplerProductivity, creativity and innovation play a vital role in the growth of ...UK-based home textiles supplier Riva Home recently announced the...Subscribe today and get the latest information on Textiles, Fashion, Apparel.The digitalisation of small and medium businesses (SMBs) in Asia...Seiko Epson Corporation has announced that group companies Fratelli..."We should not compare India and the West. As such, they must not be unduly relied upon. China was the first country hit by the emergency but also the first to take extraordinary steps to support the economy, and saw its currency fluctuate during the period: while the USD/CNY exchange rate appreciated slightly but steadily, EUR/CNY began the year at around 7.80 and initially fell down to 7.55 in early February before climbing back up to a high of 7.96 in early March and eventually settle at 7.78 at the end of the quarter. The Salvatore Ferragamo Group carries out product sales mainly through a network of Salvatore Ferragamo monobrand stores, managed both directly (DOS) or by third parties, and, alongside this network, also through a significant and well-established presence in department stores and multibrand specialty stores as well as the e-commerce channel.D.
The Company’s activities also include the licensing of the Ferragamo brand, rental services, property management and technical consultancy with the Zegna Group. 464724All amounts are expressed in Euro and are rounded to the nearest thousand Euro, unless otherwise indicated.Net profit/(loss) - minority interestsNet gains/(losses) on exchange rate differencesConsolidated Statement of Comprehensive IncomeWholesale sales are targeted mainly at retailers and, to a lesser extent, distributors. Effective Jan. 1, 2019 Update 1/1/2019 Effective Prior to Jan. 1, 2019 Update 1/1/2019 Raw materials for production were up 18.6% from 31 December 2019 and down 9.5% compared to 31 March 2019.- Currency translation differences of foreign operationsInventories and Right of return assetsIt manages directly operated stores (DOS) in Holland It manages directly operated stores (DOS) in France It manages directly operated stores (DOS) in Germany It manages directly operated stores (DOS) in AustriaDuring the period ended 31 March 2020, the Salvatore Ferragamo Group made investments in tangible and intangible assets for a total amount of 4,990 thousand Euro, of which 3,906 thousand Euro in tangible assets and 1,084 thousand Euro in intangible assets, compared to a total of 9,706 thousand Euro in the first three months of 2019. The Company is waiting for the Inland Revenue Office to clarify how the Advance Pricing Agreement ("APA") is to be implemented for the year 2020 in light of the economic impact of the epidemiological emergency caused by Covid-19 on international markets.Provisions for risks and chargesProceeds from the sale of tangible and intangible assetsDiego Paternò Castello di San GiulianoLosses and provision for bad debtto net profit/(loss) for the periodAs for the tax benefits (Patent Box and R&D Tax Credit), reference should be made to the 2019 Annual Report, as there were no new developments during the first quarter of 2020.Other current financial liabilitiesEffect of exchange rate translation differencesMain Stock Market indicators - Salvatore Ferragamo S.p.A.Translation of financial statements in currencies other than the Euro and of items denominated in foreign currencyAs for the fragrances product category, which involves the creation, development and production (completely outsourced) of fragrances and related products under the Salvatore Ferragamo brand and, under license, the Ungaro brand, sales are managed by distributors of the Salvatore Ferragamo Group as well as third party distributors which serve a network of selected multibrand stores belonging to the specific fragrances channel. The Executive Committee, which shall remain in office until the end of the extraordinary situation as per the resolution passed by the Board of Directors, was not granted any powers over the Company's day-to-day business operations.
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