Clothing manufacturer Vestimenta has reported a drop in its 2003 consolidated sales to €48 million. Around €27m worth were from overseas sales.

Vestimenta produces brands including Hilton, Vest-Made, Ungaro, Ungaro Fuchsia, Piombo, Trussardi, Calvin Klein and Armani.

The company is based in Trento, northern Italy, and belongs to textile group Somma.