Prada confident on China, sees recovery in Europe

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Mainland Chinese customers line up outside a Prada store at Hong Kong's shopping Tsim Sha Tsui districtHONG KONG/MILAN (Reuters) – Prada is seeing green shoots in Europe and feels confident about China, its biggest market, even though sales slowed in the first half, the luxury Italian fashion house said on Tuesday. The Hong Kong-listed group, whose first-half net profit fell short of expectations, said appetite for its colorful 1,500-euro leather handbags in China, particularly in second-tier cities where it was opening shops, was showing no sign of abating. …