Patrizio Bertelli

Prada 2014 Profit Drops by Nearly 30% on Weaker Sales

The third chapter of Prada The Iconoclasts was inaugurated during Paris Fashion Week at Prada Faubourg Saint-Honoré store. "Worldwide known costume designer Milena Canonero, four times Oscar winner - reinterpreted the visual identity of the store through the Feng Shui philosophy"

Milan—Stung by weaker sales in Asia, Prada today reported its net profit dropped 28% last year.As has been reported by other … [Read more...]

Prada Buys Top Tannery in France

From Prada's fall advertising campaign

Milan—Following the precedents set by its luxury rivals such as Hermes and Gucci, Prada said today it has purchases a French … [Read more...]

Prada on H1 Profit Drop: No Sign of Improvement

Prada Spring '15

Milan--Prada has booked a drop in first-half earnings due to weakness in Europe, and said there are no signs of improvement in the … [Read more...]

Prada First Half Sales Slow as Leathergoods Sales Weaken


Milan—After years of reporting stellar sales increases, Prada SpA today reported that sales in its first half slowed from previous … [Read more...]

Prada’s 2013 Profits Edge Up, Missing Estimates

Lupita Nyong’o carries the MiuMiu SS2014 advertising campaign handbag

Milan—Prada SpA today reported its 2013 full year profit rose only 0.3% hindered by a weak European market and currency … [Read more...]

Miuccia Prada Assumes CEO Title Along with Husband

Miuccia Prada with her husband Patrizio Bertelli

Milan—In a shuffle that relates more to the company’s stock market position in Hong Kong than to any type of power struggle … [Read more...]

Prada Q3 Profit Misses as Sales Slow in Asia, Europe

Prada jewels

Milan/Hong Kong—An 8.6% profit rise would be a pretty good third quarter earnings for most companies. But when you are Prada SpA … [Read more...]

Prada’s Half-Year Sales Slow Compared to 2012

Prada Fall 2013

Milan—Prada SpA reported Thursday its first half sales fell to about a third of last year’s as demand for luxurygoods waned in … [Read more...]

Italian Fashion Leaders Join Forces to Promote Italy as Fashion Destination


Milan—Concerns that Milan Fashion Week may becoming overshadowed by New York, London and Paris has prompted a group of … [Read more...]

Prada’s Full Year Profit Jumps; Plans New Focus on U.S., South America, Mideast


Milan—Prada SpA reported Friday that its full year profit jumped 45% thanks to its sales strength in Asia. However, Patrizio … [Read more...]

Prada’s Full Year Sales Jump 29 Percent


Milan—There’s one luxurygoods company that hasn’t had to worry about a slowdown in sales. Today, Prada SpA reported that its full … [Read more...]

Prada Q3 Profit Stuns: Up 57% on Asia and Leathergoods Sales


Milan—While many luxurygoods brands are bracing for an apparent slowdown in sales, Prada continues to buck the trend. On Thursday, … [Read more...]