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Tod’s sees signs of recovery in China after a difficult first half year

 

 

 

 

 

 

 

 

 

 

 

 

 

Tod’s sees signs of recovery in China after a difficult first half year

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The Italian luxury brand is seeing signs of recovery in China after a difficult first half due to the Covid-19 pandemic.

 

Indeed, the impact of the Covid-19 pandemic affected the results of the Italian luxury group during the first half of the year.

 

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The Italian luxury group Tod’s announced Tuesday a net loss of 80.6 million Euros for the first six months of the year, compared to a loss of 5.7 million Euros for the same period last year.

 

In addition, in the first half of this year, sales fell by 43.5% to 256.9 million Euros, compared to 454.6 million Euros in 2019 due to the lockdown imposed virtually everywhere in the world.

 

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Featured photo: © Tod’s

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