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Strong euro bedevils Prada for H1 2017

Prada said Friday sales cooled off due in part to the strong value of the euro lightening the pocketbooks of tourists to Europe shopping for luxury goods. The Italy-based, Hong Kong-listed luxury house said sales slid 5.7 percent on a constant exchange rate basis in the six months to the end of July to 1.47 billion euros (1.77 billion USD). Net...

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