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Prada sees growth ahead as new products, strategy pull it out of 'grey area'

Reuters  |  MILAN 

By Giulia SegretiMILAN (Reuters) - Learning from past mistakes is paying off at Italian luxury goods maker Prada, which said on Friday it would return to grow this year after stemming a sales slide in the second half of 2017.Profit at the group, the country's largest luxury player by revenue, has been falling since 2014 even as competitors such as Kering and LVMH have successfully boosted sales, capitalising on improving demand in an industry vulnerable to shifting trends and challenges. The company had previously expected to return to sales and profit growth last year but in September it ...

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First Published: Fri, March 09 2018. 22:02 IST