Ferragamo reports sales surge as luxury spending rebounds

09/21/2010 | Bloomberg

Italian shoemaker Salvatore Ferragamo said sales have soared more than 20% over the past few months as shoppers are once again buying luxury goods. Ferragamo CEO Michele Norsa said luxury spending has rebounded more quickly than had been expected. Hermes International, Prada and other luxury-goods companies also have noted an improvement in luxury demand.

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