By  on March 16, 2010

MILAN — Heavy destocking in its wholesale channel, lackluster performance across product categories and the global financial crisis weighed on Bulgari SpA’s bottom line, which showed a net loss in 2009 of 47.1 million euros, or $65.4 million, compared with a profit of 82.9 million euros, or $121.8 million, the year before.

Revenues in 2009 dropped 13.8 percent to 926.6 million euros, or $1.28 billion, compared with 1.07 billion euros, or $1.57 billion, in 2008.

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