Ferragamo to enter 7-8 new cities, remains confident in China
Source:
red luxury 
China's economic growth is poised to weaken to 8.5 percent this year from about 9.2 percent in 2011, according to the median estimate of economists in a Bloomberg News survey. In the fourth quarter of last year there appeared to be a "gradual softening in consumption" in China's luxury industry, Bain & Co. said in December.
Concerns about a China slowdown? Not Salvatore Ferragamo.
According to CEO Michele Norsa, the company plans to enter "seven or eight" new Chinese cities in the next "three to five years", including outlets scheduled to open in July in central China's Wuhan and in Jinan in the east. He declined to give a new store target in China for this year.
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