British leather producer, Pittards PLC, had little good news to convey in its final financial report for the full fiscal year ended December 31, 2004. The company that supplies leather for brands such as Nike, adidas, Coach, Dunhill, and Vuitton, recorded a pre-tax loss of £5.5 million compared with profits of £1 million for the previous financial year. The company attributed the poor results to a depressed leather market and the weakness of the US$.

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