367
Fashion Jobs
SHISEIDO
FP&A Manager (Korean Only)
Permanent · SEOUL
AESOP
Aesop Hanam Starfield - Retail Consultant
Permanent · HANAM-SI
ADIDAS
Senior Specialist, Buying & Trading, E-Commerce
Permanent · SEOUL
ADIDAS
Manager, Personalization & Apps, E-Commerce
Permanent · SEOUL
ADIDAS
Senior Manager, Legal Counsel, Legal
Permanent · SEOUL
HENKEL
Finance Business Controller For Shiseido Professional Brand
Permanent ·
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
By
Reuters
Published
Apr 16, 2009
Download
Download the article
Print
Text size

Bulgari expects Q1 loss, CEO says

By
Reuters
Published
Apr 16, 2009

ROME, April 16 (Reuters) - Italian jeweller Bulgari (BULG.MI) made a loss in the first quarter, Chief Executive Francesco Trapani said on Thursday, but forecast a "contained recovery" in the second part of the year.


Bulgari - "Celebrating 125" 2009

"We will generate a loss in the first quarter partly due to the fact that there has been a block on acquisitions by wholesalers who, faced with the crisis, are running down stocks," Trapani said on the sidelines of Bulgari's annual shareholder meeting.

"We expect for the same reason a contained recovery in the second half of the year."

He said the first quarter compared with a record 2008 first quarter.

Trapani has previously said he expects 2009 to be a difficult year after the Rome-based jeweller saw net profit fall 45 percent last year to 82.9 million euros as consumers curbed their spending on luxury pieces.

Retailers have been focusing on reducing inventories in recent months and have significantly cut how much they order from luxury groups as the economic crisis crushed demand for more extravagant accessories.

When asked if Bulgari could take part in an eventual consolidation process in the sector, Trapani said: "When there will be a recovery, some big group could buy a smaller one which is in difficulty."

"We certainly won't be sellers, and let's be realistic, we also cannot consider ourselves (big consolidation players)."

Shares trimmed earlier gains and were up 2.88 percent at 3.9325 euros at 1150 GMT.

(Reporting by Alberto Sisto; Editing by David Cowell)

© Thomson Reuters 2024 All rights reserved.