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

By EarningEstimate, Financial statement, Company

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

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