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Falling tourism to blame for Prada’s profit dip

22/09/2014

Prada has reported a 1.3% revenue increase for the six months to the end of July but a 21% fall in profits. Leathergoods sales decreased 1.4%. The Italian luxury group said currency fluctuations and a decline in tourists to Asia contributed for flat sales, which totaled €1.75 billion, while profit totalled €244.8 million. British leather shoe...

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