MILAN — Due to higher raw materials costs and sluggish sales in southern European markets, Benetton Group reported a 16.4 percent decline in net profits to 102 million euros, or $134.6 million, in 2010 from 122 million euros, or $169.6 million, a year earlier.

This story first appeared in the March 16, 2011 issue of WWD. Subscribe Today.

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