Is the world’s love affair with Prada over? Glancing at Prada’s latest Q1 results, there’s a certain lack of connection between buyer and seller: sales actually fell in the last quarter, down 0.6% to €777.7m, some distance from the €813m figure expected by Wall Street.
Prada shares slump to two-year low
Sales fell in the last reported quarter, as Adrian Holliday reports
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Research & Development
L'Oréal leads funding round for Chinese biotech company PAM2L
L'Oréal’s strategic corporate venture capital fund BOLD said it will leverage its beauty and formulation expertise to explore the broader scientific value of innovative bio-actives via a minority investment in PAM2L Biotechnologies
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