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Prada SpA Says Ending FY 2020 With EBIT In Positive Territory
Prada SpA Announces Disposal Of A Property In Milan For EUR40 Mln
Covivio, Coima SGR, Prada To Buy Milan Lot For EUR 180 Mln
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 fashion group Prada said on Tuesday that it would close 2020 with an operating profit despite the hit from the coronavirus crisis, after revenues and profitability improved markedly in the second half of the year.
Italian luxury group Prada <1913.HK> said on Wednesday it had appointed Malika Savell its chief diversity, equity and inclusion officer for North America as it seeks to make the group more inclusive.
Italian luxury goods group Prada's <1913.HK> sales in China have recovered strongly since shops reopened there and to date have risen well above last year's levels, Chief Executive Patrizio Bertelli told Reuters on Friday.
Luxury goods group Prada's sales in China have recovered strongly since shops reopened there and to date are well above last year's levels, Chief Executive Patrizio Bertelli told Reuters on Friday.
Italian fashion group Prada <1913.HK> said on Wednesday sales had recovered sharply in Asia since June after the fallout from the coronavirus pandemic triggered a 40% decline for comparable revenues globally in the first half of the year.
Italian fashion group Prada said on Wednesday sales had recovered sharply in Asia since June after the fallout from the coronavirus pandemic triggered a 40% decline for comparable revenues in the first half of the year.
Sales at Italy's Prada <1913.HK> are growing at double-digit rates in Asia while any forecast for the American market is hard to make due to the health emergency, the Chief Executive of the luxury group Patrizio Bertelli said on Thursday.
Prada CEO Patrizio Bertelli says in an interview with Corriere.it:
Fashion house Prada <1913.HK> said on Thursday it had restarted production at several sites across Italy after almost two months of strict lockdown to contain the spread of the coronavirus.
Italy's Prada said on Thursday it had gradually reopened production in several sites across Italy after almost two months of lockdown imposed to contain the spread of coronavirus.
* PRADA SPA ANNOUNCES WITHDRAWAL OF RECOMMENDATION TO DISTRIBUTE FINAL DIVIDEND
Coronavirus has halted two years of sales growth at Italian fashion group Prada <1913.HK>, which accelerated in the second half of 2019, the company said on Wednesday.
Sales at Italian fashion group Prada rose by 2.7% at current exchange rates in 2019, but warned that it expected a negative impact on 2020 results due to the coronavirus outbreak.
* FY NET REVENUES WERE EURO 3,226 MILLION, UP BY 2.7% AT CURRENT EXCHANGE RATES
Raf Simons will join Prada as co-creative director, marking the first time the Italian fashion house has hired an outsider to work with renowned head designer Miuccia Prada.
Chanel and Prada said on Tuesday they have postponed fashion shows due to be held in Asia in May over concerns linked to the coronavirus outbreak.
Italian fashion house Prada has put off a show in Japan in May due to the coronavirus outbreak in China, it said on Tuesday.
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.
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