Safilo cleans up its balance sheet

Safilo unexpectedly booked €60.5 million in non-recurrent charges for 2015, against €7.7 million in 2014, largely due to the write-down of the value of its Asian business and a €17.0 million provision for a settlement with French anti-trust authorities. The goodwill impairment loss totaled €40.5 million. The bulk of the ...

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