Prada Revenue Suffered 40 Percent Decline Due to Coronavirus

With Kering and LVMH reporting underwhelming financial results, it follows that their fellow luxury groups would be hit hard by the coronavirus pandemic. Indeed, Prada Group has suffered an imposing loss due to store closures, dwindling travel and reduced wholesale, posting a 40 percent net revenue decline, down to €938 million EUR (approximately $1.1 billion USD).Like its peers, Prada Group -- which owns Prada, Miu Miu and Church's footwear -- touts resilience during these tough times, emphas...