Stefanel FY16 revenues decline 14.4 percent

In 2016, the struggling Italian fashion brand Stefanel has said that the group’s consolidated net revenues of 134.1 million euros (145 million dollars), were down 14.4 percent against 156.7 million euros (170 million dollars) in 2015. The company said, impact of foreign markets on consolidated revenues was 65.4 percent in 2016. EBITDA for the year was negative 12,416 thousand euros (13,516 thousand dollars).