By  on March 11, 2009

MILAN — Bulgari SpA is to cut jobs, reduce its number of products and close unprofitable stores this year after the company’s earnings fell 45.1 percent in 2008.

“[This year] will be a very difficult year,” Bulgari chief executive officer Francesco Trapani told WWD in an interview on Wednesday, without detailing the specifics of the plan. He also declined to give forecasts, saying, “We don’t feel able to give a number of any meaning because the situation is so very complicated.”

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