Global Lockdowns Impact Prada H1 Bottom Line, Sales

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Global Lockdowns Impact Prada H1 Bottom Line, Sales
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.Prada ceo Patrizio Bertelli said he was confident in growth from the second half of 2020.

MILAN — Cost containment measures, double-digit growth in June in the entire Asia-Pacific region, and triple-digit online sales growth during and after the global lockdowns eased the pain at Prada SpA, but could not offset the closure of the luxury group’s stores from February to May, impacting its bottom line in the first half of the year.

Revenues in the first half amounted to 938 million euros, down 37.6 percent compared with 1.57 billion euros last year.

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