Pursuits
Prada Falls After Forecasting Slowing Luxury Sales Growth
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Prada SpA, the Italian maker of $2,950 leather handbags, dropped the most in nine months after forecasting slowing sales growth this year amid a maturing Chinese market and softer demand in Europe.
Prada fell 5 percent to close at HK$58.65, the biggest drop since June last year, in Hong Kong trading. The benchmark Hang Seng Index climbed 0.2 percent.