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.

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