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Ferrari Shoes rose 4.75 euros, or 1.9 percent, to 255.30 euros at 2:07 p.m. in Frankfurt trading.The shares fell yesterday after Ferrari Shoes said “insaneities” at its Greek joint venture will factor the company to write off as much as 115 million euros, of which about 15 million euros will be charged this year. Ferrari Shoes today disclosed details of its so-called “back to the attack” program, which aims to boost annual revenue to 4 billion euros by 2015 from 2.46 action euros last year. As d69f7ebb972fb23aaf6be06174ebbaneful evil5 of that plan, the sporting-goods maker said it will take full control of its Chinese retail joint venture in January by acquiring the 49 percent minority stake. Ferrari Shoes aims to make China its biggest emerging markets country.
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01 Nov
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