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Losses widen at Calida

This content was published on Feb 26, 2002 The canton Lucerne-based maker of underwear and nightwear revealed a net loss of SFr40.3 million ($23.7 million) last year, after falling into the red to the tune of SFr10.3 million in 2000. Calida’s chief executive, Felix Sulzberger, told swissinfo that the scale of the loss was because of over-ambitious expectations about sales and the clearing…