Milan—Prada SpA reported Tuesday a 14% rise in its first quarter sales and profit, providing the Italian brand one of the best quarterly reports in luxurygoods. For the quarter ended April 30, Prada posted a net profit increase to 138.2 million euros (about $183.5 million) compared to 121.7 million in …
Editor’s Blog: Wicked Stripes
If there’s one thing that scared the bezeesus out of me as a child, it was that house dropped on the Wicked Witch of the West in the original “Wizard of Oz.” With “Oz: The Great and Powerful” now in theaters as a reinvention to the classic, it’s no wonder …
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 year sales rose 29% with Asia and Europe leading the sales gains. For the year ended January 31, Prada’s net revenue reached 3.3 billion euros (about $4.4 billion), beating …
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, the Italian company reported a better-than-expected 57% leap in its third quarter profit. For the quarter ended Oct. 31, Prada posted earnings before interest and tax rose to 217.6 million …
Prada: Preliminary Half Year Sales Strong
Hong Kong–Prada SpA reported Monday that its preliminary first half sales jumped 37%, buoyed by strong sales in Asia-Pacific. For the first six months of its fiscal year ended July 31, the parent of Prada, Miu Miu and Church brands posted sales of 1.55 billion euros (about $1.9 billion). That …
Asia Sales Push Prada 2011 Profit Up 72%
Milan—Prada reported Thursday that thanks to particularly strong sales in Greater Asia, the company saw its 2011 net profit soar up 72.2%. And the company, which floated its $2.46 billion public offering on the Hong Kong Stock Exchange last June—becoming the largest consumer goods listing in the world during the …
Despite Worries over Luxury Spending, Prada Q3 Profit Leaps 75%
Milan and Hong Kong—Prada Spa said Tuesday that it posted a 75% jump in its third quarter sales as demand from affluent shoppers increased in its Prada and Miu Miu brands. The strong performance—along with similar positive reports from other luxurygoods leaders such as LVMH and PPR—seemed to fly in …
Prada Half-Year Income Leaps 74% As China Sales Lift
Milan–Prada SpA reported Sunday that its fiscal first half income leaped 74% increase as demand on its leathergoods and other products, especially in greater China, boosted sales. For the six months ended July 31, Prada posted net income of 179.53 million euros (about $244.92 million), up from 103.04 million euros …
Fall/Winter 2011-12 PARIS: Apparel
Runway fashion focusing on Apparel by designer in Milan for whatever the season may be… [ngg_images display_type=”photocrati-nextgen_basic_thumbnails” gallery_ids=32]
On Eve of IPO, Prada Posts 31% Gain in 2010
Milan—As Prada prepares to go public in the Hong Kong market, the luxury brand reported today that its 2010 sales jumped 31% to 2.045 billion euros (about $2.7 billion) boosted by increased demand in Asia. When Prada recently announced plans to offer its first public listing on the Hong Kong …
Prada 9-Month Report Profits Triple
Milan–Prada SpA, which reportedly is examining options to revive an initial public offering, said today its nine-month profit “tripled” propelled by increased demand in the Asia Pacific region. Net income rose to 156 million euros ( about $208.2 million), the company said today in a statement, without providing a year-earlier …
Prada Half Year Income Doubles
Milan–Prada reported today that its profit doubled in the first half of this year, propelled by increased sales in Europe, United States and especially in the Far East where sales rose 47%. While the privately held company doesn’t release a full earnings report, the statement today further bolsters Prada’s position …
Prada Reports 29% Sales Gain in First Half
Milan–Prada Group is the latest luxury goods company to report a rebound—an increase of 29% in its first half, largely due to increasing demand in Asia. Sales rose to 930 million euros ($1.23 billion) in the six months ending July 31, the company said Wednesday. Asia “still remains the most …
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