Prada Soars After Jump in Sales, Profit

Prada gained about $2.7 billion in market value after annual profit and sales surged past analysts’ expectations, outperforming other European luxury-goods firms that are grappling with a slowdown in the industry.

Prada gained about $2.7 billion in market value after annual profit and sales surged past analysts’ expectations, outperforming other European luxury-goods firms that are grappling with a slowdown in the industry.