Italy's Prada reports 2.7% rise in full-year sales, flags hit from coronavirus
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(Reuters) - Sales at Italian fashion group Prada rose by 2.7% at constant exchange rates in 2019, but warned that it expected a negative impact on 2020 results due to the coronavirus outbreak. The luxury goods maker said it was implementing a comprehensive contingency plan to mitigate the effects without giving further details. Earnings before interest and taxes (EBIT) declined 5.3% to 306.8 million euros (283.3 million pounds) last year, hit by ongoing measures to reduce markdowns and scale..