prada-stocks-march-2019

Prada shares tumbled down 11% Monday on Hong Kong stock exchange as investors worried about the brand’s performance in China.

Overall, Prada sales in greater China increased 8% last year but the company experienced a slowdown during the second semester in Hong Kong and Macau.

Chinese tourists are reducing their spending because of the Yuan’s weakness. Prada has suffered while its big rivals Louis Vuitton and Dior fare much better.

 

Prada shares tumbled down last Monday
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