By  on July 8, 2009

Italian luxury suit maker Brioni reported a 3 percent drop in underlying profits in 2008 and appointed Andrea Perrone sole chief executive officer.

For the year ended Dec. 31, earnings before interest, taxes depreciation and amortization fell to 32 million euros, or $47.1 million, a company spokeswoman said. She added sales were “in line with last year” — around 206.5 million euros, or $303.8 million. Full results are slated for release today.

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