money matters
Prada’s Profits Up by 75 Percent
Prada recorded a net profit of over $364 million in the third quarter of this financial year — a 75 percent increase from 2010's third-quarter numbers. The label's gross sales figures also rose by 25 percent, to over $2.3 billion. Though sales in all regions rose by double digits, increased revenue from Asian markets proved a particular boost to the fashion house. In a statement accompanying the financial data, Prada's chief executive labeled Asia Pacific as the company's "principle market."
