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...