Prada First-Half Sales Growth Slowest in 3 Years on Weak Asia, Europe Demand

Prada store in Dalian, China | Source: Shutterstock

Prada SpA, the Milan-based luxury handbag maker, posted the slowest half-yearly sales growth in three years as demand weakens in some Asian countries and in Europe amid economic and political uncertainties.

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Miuccia Prada Relinquishes Prada Chair to Join Husband as co-CEO

Prada Spring/Summer 2014 Campaign | Source: Prada

MILAN, Italy — Prada SpA, an Italian maker of $2,950 leather handbags, said Miuccia Prada Bianchi will step down as the fashion company’s chairman and join her husband Patrizio Bertelli as co-chief executive officer.

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Bertelli and Prada Discuss Success, Expansion and Why Miu Miu Won’t Show in Milan

Prada Spring 2013 Campaign | Source: Prada

MILAN, Italy — “We dedicate a lot of time to understand markets, and at the basis there is Miuccia’s work in creating product, which has an identity,” said chief executive officer, Patrizio Bertelli, on the principle causes of Prada Group's continuing success at the company's annual general meeting, in Milan, yesterday. The CEO went on to dismiss calls to show collections from group's Miu Miu label in Milan, as well as the

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