Prada’s profits sank after Paris riots, trade, and growth fears hit Chinese demand

Prada’s profits sank after Paris riots, trade, and growth fears hit Chinese demand

Prada’s shares slumped 11% after the luxury brand posted lower earnings for the fourth year in a row.

Its challenges included the US-China trade war, protests in France, a “blackface” scandal, and slowing growth in China.

Prada’s shares slumped 11% on Monday after the Italian fashion house posted its fourth full-year earnings decline in four years.

Markets Insider

https://markets.businessinsider.com/news/stocks/pradas-profits-sank-after-riots-trade-and-fear-hit-chinese-demand-2019-3-1028038302