By Joshua Kirby
Shares in Salvatore Ferragamo SpA lost ground Friday after the Italian luxury-goods company posted lower sales for the first quarter, signaling that a brand revamp is yet to take effect.
At 0753 GMT, Milan-listed shares were trading 6.3% lower at EUR16.29. Year-to-date, shares are down 2.5%, compared with a 24% rise for the…
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