Prada Continues to See Operating Profits Grow Following Successful Q3 and Q4 2020

Prada has somewhat recovered from its Q1 and Q2 2020 operating profits slump as a result of the ongoing coronavirus pandemic, reporting a strong second half of the year and a continuation of good sales in the first quarter of 2021.Initially suffering a 40 percent revenue decline, the Milanese fashion house soon bounced back with markets such as China reporting a 52 percent surge in sales. A recovery in retail sales -- which accounted for around 90 percent of Prada's total income -- came from the...