Asia drags down results for Prada

• Prada (OTCPK:PRDSF, OTCPK:PRDSY) reports sales fell 1% in 2014 to €3.55B ($3.98B).
• A 7% slide in revenue for the company's Asia-Pacific business during the year was influenced by a strong tail-off in luxury demand for the back half.
• Prada's U.S. sales gained 7% last year.
• Double-digit sales growth was seen for the Church's and Car Shoe brands.