Prada Buys Retail Condo at 730 Fifth Avenue in NYC

Prada has snapped up a third Midtown property on one of the most coveted retail corners in the city. The luxury brand bought the retail condo at 730 Fifth Avenue, the Crown Building, for $12.6 million from Brookfield Properties, according to property records. The deal comes four months after Prada inked deals to buy its […]

Hedi Exit Murmurs, Vogue Gala Pickets & The Prada Puzzle

Hi, and welcome back to Line Sheet. Let’s get started, because I know all you want to talk about is Hedi Slimane. We have to love this man, not only for his brilliance as a designer and merchandiser, but for his ability to get everyone so riled up.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  Hi, and welcome back to Line […]

POWER DISPLAY FROM LUNA ROSSA PRADA PIRELLI

An early-morning dock-out from the Luna Rossa Prada Pirelli base offered the Italian Challenger for the Louis Vuitton 37th America’s Cup an outstanding and variable session where they had a little bit of everything. This was a day of pure power and class from a team that seemed to have effortlessly moved from their LEQ12 into the beautiful new AC75 with an ease and assurance that is remarkable.

Miu Miu Records 89% Sales Increase, Boosting Prada Group’s Quarterly Results

The Prada Group has announced a significant rise in its first-quarter revenues, propelled by an exceptional performance from its Miu Miu brand, which saw retail sales skyrocket by 89 percent. The group’s flagship brand, Prada, also reported growth with a 7 percent increase in retail sales. Overall, the group’s net revenues climbed to €1.19 billion ($1.27 billion), marking a 16 percent increase year-on-year.

Prada Group records $1.27 billion in sales driven by Miu Miu success

Prada Q1 revenue: Italian luxury group Prada reported a 16 per cent increase in revenues for the first quarter, driven by strong sales from Miu Miu and sustained growth in Asia.The family-owned company disclosed sales of 1.19 billion euros ($1.27 billion) on Wednesday, slightly surpassing analysts’ expectations of 1.14 billion euros. Despite concerns over a luxury market slowdown, Prada’s performance remained robust.Patrizio Bertelli, Prada Group Chairman and Executive Director, said, “Our Group continues to make strategic progress as we invest for long-term, sustainable growth. Over the first quarter, we delivered a solid performance in a more challenging market environment. In this context, we have to maintain flexibility and agility to respond to constantly evolving industry dynamics while continuing to innovate and invest across our business, leveraging the strength of our reinforced organisation and the talent of our people.”Andrea Guerra, Group Chief Executive Officer said, “Miu Miu’s strong performance is a testament to the strategy and disciplined execution implemented over the past years. We continue to progress in our journey towards retail excellence, enriching our product range and driving customer engagement to nurture our brands’ desirability.” Sales growth was particularly notable in Europe and Asia Pacific, with Japan experiencing a strong boost from tourist spending. However, the Americas market continued to exhibit slower growth.Flagship brand Prada saw a 7 per cent rise in retail sales during the January-March period, while Miu Miu, which contributes approximately 15 per cent to total sales, recorded an impressive 89 per cent increase.(With Reuters inputs)

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