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SHOEMAKER FERRAGAMO’S PROFIT BOOMING
ITALIAN luxury shoemaker Salvatore Ferragamo said strong growth across all markets helped boost net profit by ten per cent in the first quarter to €17m (£13.5m). The fashion house, which made its debut on the Milan stock exchange in June last year, said revenues in the three months to 31 March rose 23 per cent to €259.6m from the same period last year. Shares fell one per cent to €17.1 yesterday, valuing the firm at €2.88bn.