Prada puts its best foot forward

Italian fashion house Prada yesterday dismissed talk of a sharp slowdown in spending on luxury goods, posting a 59.5 per cent jump in net profit to €286.4m ( £228.4m) and saying its sales in the past two months were on track with expectations. “I think we must stay calm and be less hysterical,” said Patrizio Bertelli, the firm’s chief executive.