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May 30, 2006
Jil Sander Plans For Profit
Jil Sander reported higher than expected losses for its latest fiscal year, but holds high hopes for a recovery this year.
The German label, which was recently sold to London-based private equity firm Change Capital, reported losses of £25 million for the fiscal year ended Jan. 31, 2006. Sales slipped 5.2 percent to £86 million, from £93 million the previous year.
The company pinned the results on one-time restructuring costs, and predicted a positive operating profit for this year.
Posted by Blacks on May 30, 2006 09:24 AM
