Core Insights - Ferragamo's direct-to-consumer (DTC) business and performance in the Americas helped mitigate declines in the wholesale channel and underperformance in China during 2025 [1][2] - The company reported a revenue decline of 5.7% to €976.5 million in 2025, down from €1.03 billion in 2024, with a constant currency sales decrease of 3.8% [3] - Earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 22.7% to €166 million, representing 17% of revenues [4] Strategic Focus - Ferragamo refined its strategic priorities to enhance coherence across the value chain, emphasizing core footwear and leather goods categories, optimizing the retail network, and investing in digital platforms and marketing [2] - The leather goods segment saw the expansion of the Hug collection and the Soft bag became a bestseller, with increased focus on silk products and accessories to leverage in-store cross-selling opportunities [2] - The company aims to build on the initial success of its action plan for 2026, supported by solid DTC segment performance [2] Management and Leadership - Following the departure of CEO Marco Gobbetti in March 2025, the company is actively searching for a new CEO, with current management urged to maintain operational speed [3]