Top and bottom line were dented by the lack of tourist flows and lockdowns across the globe.
The headline of the article on Milan Fashion Week was generally seen by the industry here as shameful and unfair.
The pandemic hurt the Italian fashion group’s bottom and top line in the period.
The company was affected by the coronavirus pandemic in the period, but measures set in motion are expected to bear fruits in the second quarter.
The Italian fashion group is investing in digital, cost-containment and relations with clients after a quarter that was skewed by the coronavirus.