85
Fashion Jobs
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
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.