Prada profit surges 21% as speculation swirls over Versace bid
MILAN (Reuters) – Italian luxury group Prada on Tuesday reported 21% growth in operating profit last year, in line with analysts’ forecasts, amid speculation about a potential acquisition of smaller rival Versace. The group, which has been defying a slowdown in luxury demand and outperforming many of its peers, reported a 17% increase at constant…