Veragamo Q3 revenue dips 3.5 percent

Verragamo Group's fashion revenues declined by 3.5% in the third quarter of 2026, affected by a 19.1% drop in wholesale sales due to geopolitical pressures and weakened consumer spending. The results showed geographic variation, with sales decreasing in Europe, the Middle East, and Africa by 5.2%, and in Asia-Pacific by 11.1%, while rising in North America by 2.4%. The company is focusing on direct-to-consumer sales, which accounted for 79.5% of total sales up to September 2026, amid a significant decline in wholesale sales. Luxury goods companies are facing challenges due to weak demand caused by political tensions and market changes.

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