Prada Loses $864 Million in Value as China Slump Hits Profit
Pedestrians pass a Prada SpA luxury clothing fashion store on Rue du Faubourg Saint-Honore in Paris, France. (Photographer: Christophe Morin/Bloomberg)

Prada Loses $864 Million in Value as China Slump Hits Profit

(Bloomberg) -- Prada SpA shares fell to the lowest close since 2016 as slower Chinese spending contributed to an unexpected drop in the Italian fashion house’s annual profit.
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.