By  on April 19, 2013

VERONA, Italy Italy’s giant hosiery, innerwear and beachwear group Calzedonia SpA closed 2012 on an upbeat note, with growing profitability and revenues and plans to further expand outside national borders.

In a rare interview, Sandro Veronesi, who founded the company in 1986 and has grown it into a retail powerhouse, revealed that net profit last year reached 137 million euros, or $176.7 million, compared with 134 million euros, or $186.3 million, the previous year.

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