Safilo books a massive writeoff in Asia

Safilo's net loss widened to €142.1 million for the 2016 financial year from €52.7 million a year earlier as one-off charges rose to €159.8 million from €60.5 million. For 2016, the group has booked an impairment loss on the goodwill of its Far Eastern business of €150.0 million. The activity ...

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