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Prada gets boost from Asian sales
Italian fashion house Prada, which may list on the stock market next year, said yesterday it was confident about its immediate future after booming Asian sales helped nine-month net profit treble. The family-run company, whose trend-setter designer Miuccia Prada is known for her minimalist style, said net profit trebled to €156m (£131.9m) in the nine months to the end of October.
“This data confirms that the retail network expansion is a winning strategy; these excellent results let us confidently look at the oncoming group’s development,” chief executive Patrizio Bertelli said in a statement.