Prada'S Head Fell Into A Tax Avoidance Survey And Shares Fell Sharply

< p > Beijing time January 12th morning, according to Reuters reports, according to a person familiar with the matter, on Friday revealed that Italy famous luxury brand "a href=" //www.sjfzxm.com/news/index_c.asp "Prada" /a group Prada CEO Patrizio Bertelli and chairman of the board of directors of the company "a href=" //www.sjfzxm.com/news/index_c.asp ">" //www.sjfzxm.com/news/index_c.asp "were married to Milan prosecutors for tax avoidance investigations.

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Last December, Prada group had said that it had completed the voluntary tax disclosure process and planned to reclaim overseas assets (mainly in low tax rates Holland and Luxemburg) to Italy.

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< p style= "TEXT-ALIGN: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201401/13/20140113114104_sj.JPG "/" < < > >

< p > Prada group is only one of the most famous enterprises surveyed by Italy tax authorities.

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Last November, the US technology giant Apple Corp was also investigated in Italy, P.

In June last year, fashion designers Domenico Dolce and Stefano Gabbana were given 20 months' imprisonment for suspension and fines respectively.

But all two denied any wrongdoing.

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< p > Italy media reported last Friday that Prada group has paid 420 million euros to Italy's tax authorities to solve the problem.

The newspaper also said that although the amount of money has been paid, the couple are still under investigation.

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The media report of "P > < a href=" //www.sjfzxm.com/news/index_p.asp "> Italy < /a > tax agency says that the media coverage in Italy is true, adding that a director of Prada group is also under investigation.

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< p > a person familiar with the matter said that the amount paid by Prada to the tax authorities in Italy was only a routine settlement rather than a fine.

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< p > according to last week's Hongkong economic daily report, Prada (01913, Prada) was later hit by a big line after the brokerage business.

Macquarie points out that Prada is overvalued and the target price is 16% to the lowest 49.5 yuan in the city, which is 28% lower than the closing market price (3 days) last Friday.

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< p > < strong > refers to overvaluation, cutting target price 16% < /strong > < /p >

"P" Macquarie's report said that after reviewing Prada's third quarter results, it decided to lower its target price and maintain the "big market" rating.

The bank believes that Prada has strong brand effect and also has sound management, but the market's expectations for the company are too high.

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< p > related links: < /p >

< p > with Bain's 2014 market expectations, China's growth will slow sharply. By the end of 2013, the earnings of luxury groups in Europe and Asia showed that the growth rate of income in Europe and Asia was slowing down rapidly, and America was the only growing market.

Italy brand is the hardest hit. In addition to pradaspa (1913.hk) Prada has been repeatedly lowered by the big bank rating and target share price, Tod 'SSPA (tod.mi) and salvatoreferragamospa (sfer.mi) Ferragamo yesterday respectively by the Bank of America Merrill Lynch and brokerage mainfirst downgraded the stock rating.

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< p > pradaspa (1913.hk) Prada patriziobertelli explained at the conference of earnings analysts that the slowdown in European sales was due to the fact that tourists began to spend more on the US. In the three quarter, the pradaspa (1913.hk) Prada Americas market increased by 13.6% compared to the same period when the retail channel sales accelerated (21% at a constant exchange rate).

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< p > also worth mentioning is the question of tax rate. Pradaspa (1913.hk) Prada patriziobertelli said that the three quarter profits were greatly influenced by tax rates. The 10 year tax paid by the holding companies and subsidiaries of Prada, Luxemburg, Holland and other related companies in Italy, and the estimated amount of Italy media were as high as 400 million euros, but patriziobertelli did not amount to that amount.

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