By  on May 1, 2014

Ermenegildo Zegna Group, the privately owned Italian clothing and textile firm, is investing in the future despite uncertain times ahead, a slowdown in key emerging markets and continuing currency woes.

On Wednesday, the company said net profits in 2013 dropped 12.1 percent to 116.3 million euros, or $154.7 million, while earnings before interest, taxes, depreciation and amortization climbed 2.6 percent to 257 million euros, or $341.8 million. Net profits in 2012 were 130 million euros, or $166.4 million.

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