Prada Group continues strong growth with double-digit sales jump in Q1
Italian luxury giant Prada Group has reported a revenue growth of 16 per cent for the quarter ended March 31, generating US$1.18 billion.
Italian luxury giant Prada Group has reported a revenue growth of 16 per cent for the quarter ended March 31, generating US$1.18 billion.
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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 […]
The fashion giant is adding a retail condo on West 56th to its previous $822 million buys.
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 […]
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.
First quarter results show China emerging as luxury’s make-or-break market.
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The company’s performance was uplifted by strong retail showings and maintained sales momentum at Italian fashion house Miu Miu.
Miuccia Prada, the head designer of Prada and the founder of its subsidiary Miu Miu is ruling the fashion scene at the moment. The Lyst Index, a quarterly. Check out our stories from Trending & stay updated with AugustMan Hongkong , your go to guide for a good life.
The Lyst Index’s Q1 2024 saw Miu Miu take the number one spot, followed by Prada and Loewe. Check out the complete list.
Once again, Swiss provocateur Christoph Büchel returns to Venice with a new divisive show for Fondazione Prada.
Held at Prada Aoyama. Prada hosts “Miranda July: F.A.M.I.L.Y.” on the 6th floor of the Aoyama Store. It marks Miranda July
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Miu Miu has orchestrated a web of celebrities in Asia, which includes Wonyoung, Minnie and Momo, who are influential across different regions.
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A strong Prada brand and a jump at Miu Miu in the first quarter fuelled a sales growth of parent Prada Group, which is eyeing long-term gains.
Prada S.p.A. (OTCPK:PRDSY) Sales Call April 24, 2024 8:00 AM ETCompany ParticipantsAndrea Guerra – Chief Executive Officer and Executive DirectorAndrea…
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The Lyst Index, your quarterly ranking of fashion’s hottest brands and products, has just dropped its summary of the first quarter of 2024
The company defied the luxury slowdown in the first quarter, thanks in large part to the ongoing success of Miu Miu as well as a rebound in Asia.
The Prada-owned brand has been steadily growing since 2021.
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.
Kate Mara channels Rooney Mara for two of her three recent events.
The Prada Group reported strong revenue growth, despite an overall slowdown in luxury spending.
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The brand introduces Prada Skin and Color lines and features its fragrance collection
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)
The iconic shopping hub reveals its sixth historic window display dedicated to the Italian house, with the introduction of a new capsule
Revenues at Italian luxury
group Prada rose 16% at constant exchange
rates in the first quarter, driven by a jump in Miu Miu sales
and continued growth in Asia.
The family-owned company…
The group’s flagship Prada brand grew more slowly but remained resilient in the face of a sector-wide slowdown, with retail sales up 7 percent.
Fashion meets fine art in the lives, wardrobes and galleries of London’s major players.
All geographic markets contributed to the growth of the Prada Group in the first quarter and Miu Miu retail sales climbed 89 percent.
Revenues at Italian luxury group Prada rose 16% at constant exchange rates in the first quarter, driven by a new jump in Miu Miu sales and continued growth in Asia.
The family-owned…
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Prada Beauty presents their latest addition to their exclusive collection “Les Infusions de Prada” – Infusion de Gingembre.
Hundreds of suppliers to luxury ecommerce group likely to receive less than a penny in the pound
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The newly launched line was announced at the beginning of the year, Prada Beauty is now in Dubai. Now available to shop at Harvey Nichols.