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&Nbsp Is Not Afraid Of The European Debt Crisis; Italy Luxury Goods Manufacturers Are Optimistic About The Asian Market.

2012/1/21 15:33:00 23

Introduction: the evening of January 16th, Zegna (Ermenegildo Zegna SpA) and Caruso (Raffaele Caruso) (YRC) and other Italy.

Luxury goods

The manufacturer said that although the euro zone sovereign debt crisis has led to the loss of demand,

Asia

The growth rate of the economy has slowed down, but these companies are still optimistic about the outlook for 2012.

Ermenegildo Zegna 2012/2013 autumn winter men's wear

Zegna CEO Gildo Zegna predicts that in 2012, the company's revenue growth will be at the top end of the 1% to 9% range, mainly due to the growth of customer demand from outside Europe. In 2011, the company's sales and profits reached an all-time high.

Umberto Angeloni, chief executive of Caruso, also expects sales of the company to rise by 20% this year from its existing orders.

In an interview in January 14th, Zegna said: "Asia will be a" thruster "and then will be the United States.

He also pointed out that before EU leaders found solutions to stop the euro zone sovereign debt crisis, "we had to prepare for a bumpy advance."

CA Cheuvreux analyst Thomas Thomas predicts that the growth rate of the luxury sector in 2012 will be 10%, equivalent to half of last year's growth rate.

He pointed out that, excluding Japan, sales growth in Asia will be 20%, while the growth rate in the US region will be 6%, Europe 5% and Japan 2.5%.

"The current sales growth rate is definitely not sustainable," he said in his earnings report last month.

Gianluca Brozzetti, chief executive of Roberto Cavalli SpA, another fashion Brand Company in Italy, said that the economic turmoil in the euro zone was the reason for the "big alarm" in Robert Gianluca.

Standard and poor's decided last week to lower the sovereign credit rating of 9 countries in the 17 member states of the euro zone, including Italy.

Zegna said that although the net wealth of European consumers is higher, standard & Poor's move will be for Europe.

market

Local demand for luxury goods is damaging.

Michele Norsa, chief executive of Salvatore Ferragamo S.p.A (SFER), a luxury goods group, said that during the pition period, the decline in the euro exchange rate would enhance the sales value of euro zone countries. Kailai said

He said the company achieved "excellent" performance in mid 2011, including holiday sales better than expected.

Norsa further indicated that he felt "confident" in the coming year.