De Rigo Improves Profits Sharply

The net income of De Rigo jumped by 74.5 percent in 2003 to €18.5 million, or 3.7 percent of sales, thanks mainly to the termination of its Eyewear International Distribution (EID) joint venture with Prada. The group's operating margin improved from 8.6 to 10.3 percent before amortizations (Ebitda) and from ...

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