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Prada reports lowest profit since IPO

Friday, April 14, 2017 - 05:50

Paris

PRADA SpA has reported the lowest full-year profit since its 2011 initial public offering but said it is confident of a turnaround as the maker of Miu Miu apparel sees signs of revival after a slump in Asian luxury demand.

Net income fell 16 per cent to 278.3 million euros (S

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