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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