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Luxury market loses oomph

By Shi Jing (chinadaily.com.cn) Updated: 2015-01-20 15:28

No 8 Prada

Prada, which was founded in 1913 by Mario Prada, is an Italian luxury fashion house, specializing in ready-to-wear leather and fashion accessories, shoes, luggage, perfumes, watches. Since Prada entered China market in 2001, its signature handbags gradually became favorite of Chinese women.

Luxury market loses oomph

Pedestrians walk past an advertisement for Prada in Beijing, China, 18 January 2014. [Photo/dfic.cn]

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