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Prada First Half Sales Down 23%

In What's New, Industry News by Accessories Staff

Milan—Stung by sales declines in Asia (particularly Hong Kong, Macau) Prada today reported that its first half sales were down by 23%. Nonetheless, while the group’s net income fell to 188.6m euros (about $213 million), the result was still better than most forecasts. Analysts predicted 175.4 million euros. “The contractions …