Pursuits
Prada’s Sales Growth Slows on Weaker Asia, Europe Demand
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Prada SpA the Milan-based luxury handbag maker, posted the slowest half-yearly sales growth in three years as demand weakens in some Asian countries and in Europe amid economic and political uncertainties. Shares fell.
Prada’s revenue climbed 1 percent to 1.75 billion euros ($2.34 billion) in the six months through July, according to the company’s preliminary figures filed to Hong Kong’s stock exchange yesterday. That compared with the median estimate of 1.74 billion euros from four analysts compiled by Bloomberg.