2 days ago
Prada's Sales Miss Estimates Amid Challenging Luxury Backdrop
Prada SpA 's sales rose less than expected in the first half of the year, as demand slowed for the Italian fashion group's eponymous brand amid a broader slump in the luxury market.
Net revenue for the group rose 9% at constant currencies, the Hong Kong-listed company said Wednesday, below analyst estimates. Sales at the Prada brand slid 2% against a 'challenging' and 'somewhat unprecedented' backdrop, the company said.
