Up-market Italian shoemaker Salvatore Ferragamo expects "significant" sales growth in 2012 despite weaker consumption in part of China, confirming the strength of global luxury players despite financial turmoil. Autumn-winter 2012 ad campaign / Photo: Salvatore Ferragamo
The maker of shoes worn by Hollywood stars such as Angelina Jolie and pop queen Lady Gaga said it expected profitability to improve in the second half of the year after first-half net profits rose 22.5 percent to 55.9 million
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