300
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters
Published
Mar 30, 2009
Download
Download the article
Print
Text size

Italian luxury EBITDA seen down 21 pct in 2009

By
Reuters
Published
Mar 30, 2009

MILAN, March 30 (Reuters) - The Italian luxury goods sector expects a 21 percent drop in EBITDA this year as the global crisis cuts into sales, fashion industry foundation Altagamma said on Monday March 30.



The biggest drop is expected in the Americas, where the United States makes up 90 percent of the market, with a forecast downturn of 14.8 percent, Altagamma said in a survey of its members.

The first half of the year is expected to be worse for EBITDA -- earnings before interest, tax, depreciation and amortisation -- than the second, it said.

"The forecast reduction in EBITDA represents the price paid by companies for this critical situation," Altagamma said.

Altagamma Chairman Leonardo Ferragamo told a news conference to present the survey results that near-term forecasts are "structurally unforeseeable".

Altagamma's members include such luxury goods names as jeweller Bulgari SpA (BULG.MI), furniture maker Poltrona Frau SpA (PFGI.MI) and shoe and bag maker Tod's SpA (TOD.MI).

By sector, the biggest downturn was forecast for tableware, with a drop in EBITDA of 15.4 percent.

Bulgari posted a 45 percent drop in 2008 net profit this month. Tod's left its dividend unchanged after a nearly 8 percent rise in net profit but warned it was hard to give guidance for 2009.

(Reporting by Ian Simpson; Editing by David Cowell)

© Thomson Reuters 2024 All rights reserved.