UPDATE 1-Prada targets cost cuts in 2015 as Q3 profit falls 44 pct

UPDATE 1-Prada targets cost cuts in 2015 as Q3 profit falls 44 pct

(Recasts with comments from analyst call). By Clare Baldwin and Valentina Za. HONG KONG/MILAN Dec 5 (Reuters) – Italian luxury group Prada said it would continue to cut costs next year and open fewer shops than planned after its profit slumped 44 …

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