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