Sales at luxury group Salvatore Ferragamo fell 16.6 percent at constant exchange rates in the first quarter. "In the quarter, our performance was affected by the continued volatility of the Chinese market and thepersistent weakness of the wholesale and travel retail channels, further exacerbated by an unfavorable basis of comparison," said CEO Marco Gobbetti in a statement.Revenues were 227 million euros, below analysts' expectations of 237 million euros according to the Lseg consensus.

(Italian version Stefano Bernabei, editing Gianluca Semeraro)