Donna Karan International shows losses
Donna Karan International, Inc. from New York City saw turnover in the third quarter, ended September 30, slide by 13% to USD 177.2m as compared to the same period last year. The quarter also showed a loss of USD 53.7m, while Q3 profits in 2000 had still contibuted with USD 14m.
The company states that the downturn is linked to the USD 8.2m cost in the context of the August take-over of DKI by the French luxury group LVMH. The business situation is not expected to improve this year, DKI employees will probably not receive their bonuses at the end of the year.
The company states that the downturn is linked to the USD 8.2m cost in the context of the August take-over of DKI by the French luxury group LVMH. The business situation is not expected to improve this year, DKI employees will probably not receive their bonuses at the end of the year.
0 Comments:
Post a Comment
<< Home