It is also quite sad about the US designers Coach, Dooney... used to have beautiful Made in USA bags that just scream America to you. Now all the same Made in China copy cat pieces. So sad. Legacy Coach and All Weather Leather Dooney bags are just so classic.Prada posted a decline in profits a few days ago, and this is their response:
http://www.refinery29.com/2015/06/89210/prada-lower-priced-handbags
I guess this means that new Prada pieces will cost around the same as Alexander Wang and Philip Lim. Finally "Made in China" with "Made in China" prices (prices are still high, but Coach charges a pretty penny for some of their Made in China bags, too).
My guess is that their strategy is to have bags at several different price points with a larger selection of entry-level-priced handbags. I'm not sure how successful this will be given that this strategy can hurt the desirability of the brand in the long run.
I own a Made in Italy Prada and love it. But sadly it will be my only Prada purchase given how high the price points are going for Made in China...