Chinese shoppers boost Ferragamo

Travelling Chinese shoppers snapping up leather goods will drive sales growth in 2014 at luxury group Salvatore Ferragamo, its chief executive said yesterday, before it showed a menswear collection aimed at promoting its Italian heritage. Michele Norsa said the group had closed 2013 in line with its expectations, but that it was important to wait until Chinese New Year in January to make forecasts for the year. “Travelling keeps being a strong driver of growth,” Norsa told reporters before the show in Milan, singling out Chinese tourists to Europe and the US.