Prada is reporting a 28-percent drop in is annual net profits through last year.
普拉达宣布2014年年度净利润下降28%。
The high-end fashion
retailer1 is blaming weaker sales of its products in China and Europe.
Prada's Asia-Pacific sales, which account for over one-third of its business, dropped by over 3-percent last year.
Solid sales in Japan, the Middle East and North America have been
offset2 by a major sales drop in Hong Kong and Macau through the second half of last year.
The anti-corruption campaign targeting governmental officials is being blamed for the slowdown.