GERMANY: Fashion Group Jil Sander Cuts Outlook
German-based fashion giant, Jil Sander Group, today lowered its outlook for 2001 and predicted a pre-tax loss of between six and nine million euros, due to the economic downturn. Back in August, the high-end clothing maker said it would either break even on a pre-tax basis or post a slight pre-tax loss in 2001 due to a fall in demand for its products.
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