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April 01, 2008
Prada's Group Profits Soar 66% In 2007
Prada’s 2007 profits climbed nearly 66% to $174 million, thanks in part to strong demand in Asia. The group, which owns the Miu Miu, Prada and Car Shoe brands, reported a sales increase of 14% to $2.27 billion for the year ended Jan. 31.
The company got a boost from sales of leather goods and accessories, which increased 25% in the period.
Meanwhile, sales in the Asia-Pacific region increased 42%, compared to growth of 10.8% in North America.
Posted by Blacks on April 1, 2008 09:30 AM
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