Dusseldorf - Delayed Quote EUR

Prada SpA (PRP0.DU)

12.90

+0.10

(+0.78%)

At close: August 19 at 7:31 PM GMT+2

Prada Posts Sales Growth Across Markets Despite Industry Slowdown

Prada reported an increase in net revenue for the first half of the year, despite a more challenging environment for a luxury sector that is grappling with a slowdown in sales growth and lower demand in China.

The Wall Street Journal 20 days ago

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Luxury Stocks Drop After LVMH Adds to Chinese Demand Worries

Shares in LVMH Moët Hennessy Louis Vuitton and other upscale companies dropped after the Tiffany owner reported a steep decline in sales from Asia outside of Japan. The French conglomerate's results, issued late Tuesday, add to a series of downbeat reports from fashion and luxury-goods groups that are feeling the fallout from China's economic woes. + Richemont, the owner of Cartier, said sales sank 27% in mainland China, Hong Kong and Macau + Gucci owner Kering expects earnings to continue falling for the rest of the year + French distillery Remy Cointreau flagged a sluggish market in China and posted an overall decline in sales + Burberry and Swatch Group, owner of the Blancpain and Omega watch brands, both reported plunging sales in mainland China + Germany’s Hugo Boss cut its sales guidance for the year + In luxury autos, Porsche also flagged a tough Chinese market LVMH stock fell 4.7% in Paris to its lowest close since mid-January.

The Wall Street Journal 26 days ago

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Performance Overview

Return	PRP0.DU	HANG SENG INDEX
YTD	+7.50%	+6.16%
1-Year	+7.50%	+6.16%
3-Year	+7.50%	+6.16%