Canadian Markets closed
1 / 11

In China, the Devil doesn't wear Prada

A woman walks past a Prada store in Hong Kong.

In China, The Devil Doesn't Wear Prada


The Devil, it seems, wears anything but Prada in the eyes of Chinese bloggers determined to expose corrupt government officials flashing luxury labels way past their pay grades.

Prada is among a few premium brands reporting solid growth in the world's second largest luxury market even as a government campaign against conspicuous spending and gift-giving hurts firms with instantly recognizable brands like LVMH, Compagnie Financiere Richemont and Kering SA.



Reporting by Donny Kwok, REUTERS.