Pursuits
Prada Slides on Slower Quarterly Profit Growth: Hong Kong Mover
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Prada SpA, the Italian luxury-goods maker, fell the most in three weeks in Hong Kong trading after reporting first-quarter profit growth that decelerated to the slowest pace in at least a year.
Prada dropped 3.7 percent, the most since May 23, to close at HK$70.55. Net income rose 14 percent to 138.2 million euros ($184 million) in the three months ended April, Milan-based Prada said in a statement on June 11. Hong Kong’s markets were closed yesterday for a public holiday.