By  on March 11, 2014

MILAN — Italian luxury goods maker Tod’s SpA on Tuesday said net profits in 2013 decreased by 8 percent to 133.8 million euros, or $176.9 million, affected by weakness in its largest market, Italy, and by unfavorable exchange rates.

Tod’s confirmed its previously published preliminary sales figures for the full year: 967.5 million euros, or $1.27 billion, up 0.5 percent on 2012, as the group’s strategy to rationalize Italian wholesale distribution countered gains in international markets and the growth of the Tod’s and Roger Vivier brands.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus