As the high-end Chinese consumer becomes more discerning in a slowing luxury goods market, analysts say Hong Kong-listed Italian fashion house Prada can face up to the challenge given its attractive product mix and store expansion plans, forecasting huge gains for the company’s stock over the next 12 months.
This year at the Walpole China Luxury Conference in London there were actually bears in the room. Many expressed concern that if European consumer spending slowed, spending from China will not be enough to offset the weakness.