By  on April 16, 2014

The currency bogeyman is back, and has plans to wreak increasing havoc on European luxury — and high-street — companies’ global revenues.

Few companies have escaped his touch. Firms from Salvatore Ferragamo to Tod’s, Hermès to Adidas and Wal-Mart Stores Inc. to L’Oréal have flagged currency fluctuations as a drag on top- and bottom-line growth in 2013 — and for the year ahead.

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