PRADA BOOMS ON ASIAN LUXURY DEMAND

ITALIAN fashion power house Prada is pushing ahead with its retail expansion plans after a burgeoning army of wealthy Asian buyers helped it beat forecasts with a 72 per cent rise in full-year profit. The Milan-based maker of luxury bags and Miu Miu dresses said yesterday net profit for the year to 31 January was €432m (£360.2m).