The first half-year sales profit did not match the estimates and the net income missed 28 million EUR to the target number. Prada’s sales downfall has been hit mostly by the slow-down of retail on the Asian market since 2015. The group management remains optimistic, though.
Full story at https://www.businessoffashion.com/articles/news-analysis/prada-warns-turnaround-to-take-longer-as-earnings-miss-estimates
Imagery via: businessoffashion.com