Prada profits up 60%, buoyed by handbag sales
24/09/2012
Italian fashion house Prada has reported first-half profits up 60%, driven by demand from China and strong sales in handbags. Analysts said its leathergoods sales tend to be more resilient than apparel during an economic downturn and expect the company to outpace its competitors due to its smaller store network. The Asia-Pacific market delivered ...