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Prada SpA Says Purchased Sale Shares In Fratelli Prada For Euro 66 Million
Prada expects an increase in profitability in the second half of 2019
Prada CFO says wholesale review will have negative impact on sales until mid 2020
Prada SpA is an Italy-based company engaged in fashion industry. The Company is a parent of the Prada Group. The Company, along with its subsidiaries, is engaged in the design, production and distribution of leather goods, handbags, clothing, eyewear, fragrances, footwear and accessories. Prada SpA manufactures jackets, trousers, skirts, dresses, sweaters, blouses, as well as perfumes and watches, among others. The Company trades its products through several brands, such as Prada, Miu Miu, The Church and The Car Shoe. Prada SpA operates in approximately 70 countries through directly operated stores, franchise operated stores, a network of selected multi-brand stores and department stores. Prada Spa operates through a numerous subsidiaries, including Artisans Shoes Srl, Angelo Marchesi Srl, Prada Far East BV, Tannerie Megisserie Hervy SAS and Prada SA, among others.
via Antonio Fogazzaro, 28
Chairman & Executive Director
Chief Executive Officer, Executive Director
Miuccia Prada Bianchi
Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director
Chief Executive Officer Church Group
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Italian luxury goods group Prada said it would shrink its wholesale network in Italy and Europe in a push to have uniform prices for its products across different outlets and reduce markdowns.
Italian luxury group Prada said on Friday it would stop offering end-of-season promotions at its stores, in a bid to boost margins and protect its brand after achieving revenue growth in 2018 for the first time in four years.
Annual revenues at Italian luxury group Prada rose in 2018 for the first time in four years, showing its turnaround plan is starting to bear fruit, although sales growth slowed in the second half of the year.
Prada <1913.HK> paved the way for a "new phase" of growth on Wednesday after the fashion brand reported rising sales, profit and income in the first half of the year.
Italy's Prada said a "new phase of progress" had begun for the group, after the fashion brand posted rising sales, profit and income in the first half of the year.
Prada <1913.HK> Chief Executive Patrizio Bertelli said on Friday his family would not sell its 80 percent stake in Italy's biggest luxury goods group and said his son Lorenzo may one day head the company.
Prada CEO Patrizio Bertelli ruled out that the family who controls Italy's biggest luxury goods group could sell down its stake and said his son Lorenzo may one day head the company.
Learning from past mistakes is paying off at Italian luxury goods maker Prada <1913.HK>, which said on Friday it would return to grow this year after stemming a sales slide in the second half of 2017.
* Benefiting from new products, growth in China demand (Adds analyst comment, updates share reaction)
Shares in Prada jumped 13 percent after the Italian luxury goods maker said it would return to growth this year having stemmed a sales slide in the second half of 2017.
Italy's Prada executives tell analysts in a post-results conference call:
Italian luxury goods group Prada expressed confidence on Friday it would return to grow this year as it strives to boost store sales while also investing in its online platform.
* FY NET SALES FOR TWELVE MONTHS PRO-FORMA ENDED DECEMBER 31, 2017 WERE EURO 3,008.3 MILLION, -3.8%
Italian fashion house Prada has signed a cooperation agreement with Italy's tax authorities, it said on Thursday.
At Prada's <1913.HK> Spring/Summer 2018 show in Milan last week in a warehouse papered with giant pop-art comic strips, one name in the coveted front row stood out: Tao Liang, otherwise known as Chinese blogger 'Mr Bags'.
Prada's chief executive and creative director Miuccia Prada said on Thursday she did not want to be judged by sales but that her designs offered ideas to women of how to be strong and combative.
Italian fashion house Prada <1913.HK> reported a sharp drop in first-half profits on Friday and warned it would take longer than expected to turn the ailing company around.
Italian luxury goods maker Prada said on Friday its first-half net profit fell 18.4 percent as sales declined in key markets such as the United States, Europe and Japan.
* Pabe-Re Llc purchased from Gk Bluefields, Mm Aoyama building which, since 2015, has been leased by Prada Japan, an indirect unit of co Source text for Eikon: Further company coverage: (firstname.lastname@example.org)
Shares of luxury fashion group Prada SpA <1913.HK> were set to fall 2 percent on Thursday after it reported a 15.9 percent fall in annual profit, lagging estimates.
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