Prada Foundation: the program of 2024 events in Milan, Venice, Shanghai and Tokyo
All the initiatives of the Prada Foundation for 2024 for the three permanent headquarters in Milan and Venice and in the outdoor spaces of Shanghai and Tokyo
Prada races on the stock market (+15%) thanks to 2023 accounts: profits (+44%), revenues (+17%) and Miu Miu takes off
While global luxury deals with a period of slowdown, Prada stands out for brilliant growth. Here are the 2023 results.
Prada rushes to Hong Kong: rumors of interest from the Wertheimer family, which controls Chanel
According to rumours, there would have been a meeting between Miuccia Prada, her son Lorenzo Bertelli and the representatives of the English fund linked to the Wertheimer family which would have put around 6,5 billion euros on the table. But for analysts it is…
Italy is the first luxury country with 23 companies in the Top 100: here are the rankings from the Deloitte Report
The global luxury sector is experiencing an excellent moment, with a turnover that has reached record growth peaks in the fiscal year 2022. The Deloitte report (Global of Luxury Goods 2023) indicates 23 Italian companies in the Top 100
Prada purchases the store on Fifth Avenue in New York for 400 million dollars
For over 30 years, the building has hosted the most important store in New York of the main brand of Miuccia Prada and Patrizio Bertelli who thus try to get around the mind-bogglingly exorbitant rents in that part of Manhattan
Prada on the Moon: the luxury brand will make NASA spacesuits for the 2025 mission
Italian luxury group Prada and Texas startup Axiom Space will collaborate to design NASA's lunar spacesuits for the Artemis III mission, scheduled for 2025.
Prada in the first half of the year exceeds 2 billion in net revenues. Miu Miu has grown by 50%
Bertelli: "Solid results but we must remain alert and agile" Japan (+38%), Asia Pacific (+21%) and Europe (+20%) are on course
Fashion: Piazza Affari hopes for the return of the brands - Prada, Luxottica, Zegna - and the debut of Renzo Rosso
The business world wonders about the future of Armani. From Moncler to Diesel, many strategies for growth. Lots of news coming
Richest dividends for luxury: Here's how much the top 10 stocks in the industry pay
Luxury brand stocks have performed well recently. However, it seems that even the best stocks in the sector pay rather low dividends compared to other sectors. But there are good growth prospects
The Prada group accelerates more than expected: 2022 revenues at 4,2 billion and aims for 10 in a decade
These are the first accounts of the group for which the family has set up a generational handover with the arrival of Andrea Guerra as CEO at the end of January. The new governance plan, together with the proposed dividend of €0,11 per…
Italian fashion: from Prada to Giorgio Armani here are the revenue champions. For the sector turnover of 82 billion
The latest Mediobanca report on Italian fashion analyzes a sector that is growing even in 2023 but distant from the Stock Exchange: only 17,5% of aggregate turnover is produced by listed companies
Luxury: big brands beat Silicon Valley. From Prada to Zegna, Milan dreams of a great return to Piazza Affari
Lvmh, Hermès, Kering, Richemont: the greats of France beat the competition from Silicon Valley. But Italy has its cards to play: here's what they are
Prada: Andrea Guerra will be the new CEO
Guerra will be proposed to the board of directors on 26 January as CEO. Patrizio Bertelli and Miuccia Prada: "Fundamental step for the evolution of the group and to facilitate the generational transition, initiating Lorenzo Bertelli to assume leadership"
Gucci: analysts reject Michele's exit which could trigger a period of uncertainty for Kering
Analysts have doubts about the recovery of the Kering brand, which is already suffering. A successor to the imaginative designer Michele doesn't seem on the horizon. A few brands to buy could help, but the situation does not seem easy
Fashion, Mediobanca Research Area: double-digit growth in revenues in 2022. Here is the report "World fashion system"
According to the Mediobanca Research Area, in the first half of 2022 the turnover of the major fashion players grew by 24%. Among the 35 European groups, Italy is the most represented country in terms of numbers, but it is France that wins…
Prada renews its top management with strategic positions: Bonini, De Dona and Maletto
They will be the new Chief Financial Officer, General Counsel and Internal Auditing
Prada aims for 4,5 billion in revenues: boom in online sales
In the third quarter, retail sales increased by 18%, online sales by 400% - In the medium term, the goal is to increase revenues by 40%
Olympic Village, Milan amazes again: here is the suspended forest
The masterplan of the new area of the Porta Romana airport has been presented, which will host the athletes of the Milan-Cortina 2026 Olympics and immediately afterwards a student residence. The tender was won by Coima, Covivio and Prada. THE PHOTO GALLERY
Fondazione Prada Milano and the works of Fujiwara: today 2 June special opening from 10 to 19
Simon Fujiwara's "Who the Bær" exhibition at the Fondazione Prada Milano - open until 27 September 2021
America's Cup: Luna Rossa challenges New Zealand, the final is underway
The 9th edition of the oldest and most prestigious sailing trophy kicks off on the Italian night between 10 and 36 March in Auckland: Italy has never won it and New Zealanders are favourites.
America's Cup: Luna Rossa conquers the final
The Italian boat, sponsored by Prada and Pirelli, repeats the feat accomplished 21 years ago, when it went to challenge its own Team New Zealand in the Hauraki Gulf. So they came out defeated, but this time they try to play for the first ever trophy for Italy...
Prada: 90 million from Unicredit for renewables
The fashion group has obtained a new five-year loan linked to sustainability from Unicredit. It will serve to achieve energy self-sufficiency with photovoltaics
Milan, Arnault will not arrive
Cold shower for AC Milan fans who were hoping for a change of ownership with the arrival of luxury patron Bernard Arnault, number one of Lvmh who however denied any interest in both the Rossoneri club and Prada.
Luxury becomes sustainable: first green loan for Prada
The group led by Miuccia Prada and Patrizio Bertelli has obtained a 50 million loan from Credit Agricole, the cost of which can be reduced based on the sustainable objectives achieved. Enel's precedent
Fashion, Prada new shareholder of Altagamma
The luxury brand becomes part of the Foundation which brings together 110 companies of the Italian High Cultural and Creative Industry.
Luna Rossa and Pirelli together for the America's Cup challenge
The next edition of the America's Cup, the oldest sports tournament in the world, is scheduled for New Zealand in 2021 - Pirelli and Prada will be co-title sponsors of the boat that will challenge the trophy holders, Emirates Team New Zealand.
Stock Exchange: watch out for Telecom and Atlantia, Prada takes flight
In Piazza Affari the duel between Telecom Italia and the Elliott fund and the Spanish developments of Atlantia for Abertis hold the court - Despite the US tariffs, the Asian stock exchanges continue their rally and in Hong Kong the Prada share…
Luxury, Morgan Stanley downgrades Prada and Moncler
According to the investment bank, it is the digitization of the market that is putting the visibility of the brands and therefore customer loyalty at risk - Judgment on Salvatore Ferragamo confirmed.
Prada sinks: -11% after the half year
A thud on the Hong Kong Stock Exchange after the group signaled that it will take longer to achieve the objectives of the industrial plan
Prada, profit and revenues down in the first half
Net sales recorded a decrease of 5,7% reaching 1,442 billion.
Fashion and luxury: 26 Italian companies in the world top 100
Our country conquers the primacy of the sector in terms of presence - This is the result that emerges from the Deloitte Global Power of Luxury Goods 2017 study, in which a ranking of the largest companies in the…
Prada: profit down, dividend at 12 cents (+9%)
Group revenues were 3,2 billion, down 9% at constant exchange rates over the entire year and 6% at constant exchange rates in the second half alone, when however "an improving trend" was recorded.
Prada: revenues down 10% but recovers in January
The group has published the data of the 2016-17 financial statements which ended in January. Bertelli: "A profound phase of rationalization has been implemented", a result in line with the consensus
In Piazza Affari only Mps is saved, Prada's boom in Hong Kong
A sluggish day for the Italian Stock Exchange, which lost more than 1% in the middle of the day: the week starts badly also due to the data on consumer confidence (at the minimum for a year) and manufacturing companies - It drops, touching the minimum…
Fashion: Prada withdraws, Cucinelli runs
Prada closes the six months ended July 31 with accounts in the red: net profit down 24,7%, revenues down 14,8% and Ebitda down 25% - The group expects a turning point in the current year - Positive data Of…
Luxury: Luxottica, Prada and Ferrari on the podium
Luxottica, Prada, Ferrari, Moncler and Ferragamo are the top five Italian luxury companies in terms of value creation according to the special ranking drawn up by the consultancy firm Active Value Advisors - the French Lvmh world leader
White in fashion: from Pierre Cardin to Prada
From 15 April to 12 June 2016 the city of Carpi (Modena) hosts the WHITE exhibition in the rooms of the Palazzo dei Pio Museums. White in fashion. Thirty iconic garments by great Italian and international stylists – from Giorgio…
Mediobanca: fashion beats manufacturing, Prada and Ferragamo leaders
On the eve of Fashion Week, the Mediobanca R&S report takes stock of 143 companies in the sector. Italian fashion better than large manufacturing in terms of growth, profitability and financial solidity thanks to the 15 big names in Italian luxury - Il…
Prada: stable revenues, retail supports wholesale
Net revenues at 3,545 billion, retail sales up to 3,057 billion, wholesale channel down to 444 million, in line with the group's desire to strengthen the direct network and reduce the wholesale one.
Prada: net profit down sharply in 2015, EBITDA and EBIT also down
Net profit down by 26,4% compared to October 2014. Revenues are up, but EBITDA and EBIT are also down. - On the other hand, the problems continue in the Asia-Pacific area.
Mediobanca ranks Italian fashion: Valentino, Moncler and Prada the three kings
FASHION RANKINGS - Mediobanca's research office has published the rankings of the 30 Italian luxury and fashion companies by turnover: in terms of revenue growth, Valentino leads ahead of Moncler, which is first in terms of profitability - Global turnover…
Prada: earnings plunge in the first quarter (-44,2%)
At constant exchange rates, turnover also fell (-5,4%) - Ebit dropped by 42%, to 90,7 million, equal to 11% of revenues.
Prada: profit down 28%, first time since listing
The group was affected by the decline in sales in Asia-Pacific, like other luxury groups, but the stock remained stable on the Hong Kong Stock Exchange.
Mediobanca Research Area: Italian fashion is growing, Prada and Ferragamo the most profitable
MEDIOBANCA STUDY AREA SURVEY - The Italian fashion system continues to grow, driven by the large luxury groups - Tourism, online sales and retail are the main drivers - The giants of Italian Top Fashion better than big industry - Solid…
Prada: sales down in 2014
The group led by Patrizio Bertelli underlines that the 1% drop in sales is mainly due to the slowdown in sales in the wholesale channel - 2015 growth confirmed - The American and Japanese markets are doing well, the…
Prada returns to Italy, all companies leave Luxembourg
The return journey started at the beginning of December was completed on 2 January. The new location is Milan but for Patrizio Bertelli's Pa Be, Arezzo was chosen, his hometown. Directors of Prada Holding are Miuccia Prada, Carlo Mazzi…
Prada brings Pasticceria Marchesi to Hong Kong: the last frontier of luxury is food
After losing the battle with Lvmh for Cova, Prada brings the historic pastry shop of Milan, Marchesi, to Hong Kong - The new frontier of luxury exports, also thanks to the imminent Expo 2015, is food - In the wake of the phenomenon…
Prada, profits knocked out in 2014: -27,6%
Consolidated revenues also decreased, albeit in a decidedly more minor way, which amounted to 2,5 billion, marking -0,9%.
Miuccia Prada and her husband are under investigation for tax avoidance
The two owners of Prada, Miuccia and her husband Patrizio Bertelli, in the crosshairs for "omitted or unfaithful tax return". The fashion house has made it known that the investigations refer to the two spouses as individuals, while neither the…
Prada, profits and ebitda knocked out: six-month loss after a positive 2013 of almost 300 million
At the end of the period, the luxury company recorded a financial debt of 1,4 million, against a positive net financial position of 295,9 million at the end of January - Expectations for the second half are in line with the first.
Prada, revenues and profits fall in the first quarter
Ebitda was 213,9 million euros (-11,2%), equal to a margin of 27,5% on net revenues - The financial position is positive at 349,1 million.
Forbes ranking, the 100 most powerful women: Merkel dominates, 75th Miuccia Prada
After the German Chancellor, Janet Yellen is in second place, Melinda Gates in third - The top ten includes three super-managers: in seventh place Mary Barra, CEO of General Motors, in ninth Sheryl Sandberg, chief operating officer of Facebook, And…
Stock Exchange, Prada collapses in Hong Kong after the 2013 accounts
The luxury stock listed on the Asian market lost 6,88%, after yesterday's 1,94% loss, following 2013 accounts, which recorded stable earnings and excellent expectations for 2014.
Prada: 2013 revenues +8,8%, but profit remains unchanged
The Prada Group closed 2013 with an 8,8% increase in revenues and growth in ebit and ebitda, but profit, also due to exchange rate losses, remained stable compared to 2012, at 627,8 .XNUMX million…
Prada, change at the top: Miuccia leaves the presidency, now it's up to Mazzi
The Milanese fashion company announces a change at the top: the new president of the board is Carlo Mazzi, former deputy of Miuccia Prada, who resigns to take on the role of co-CEO alongside the CEO (and husband) Patrizio Bertelli - The…
Prada: 2013 net revenues growing and investments in Italy
Up for the fourth consecutive year for the fashion house - Directly managed stores are strong - Exploits in Asia and the Americas, Europe holds firm - Miu Miu and Church's brands ok while Car Shoe drops -…
Prada, control of the group returns to Italy. Bertelli: "Trust in the country"
Prada Holding and its controlling shareholders, i.e. the founding family and Patrizio Bertelli, have decided to repatriate "all the assets of the partners abroad and in particular the controlling companies located in the Netherlands and Holland", on…
Prada: in the first 9 months net profit recorded +7,9% to 440,88 million
In the first 9 months ending at the end of October, the Prada group recorded an Ebitda up by 12,8% and a net profit up by 7,9% to 440,88 million - The group, despite the climate of crisis, continued to …
Prada: profits +7,6% in the half year, to 308,2 million
The first half of the fashion company closed with revenues and profit up respectively by 11,7% and 7,6% - Margins are growing, Ebitda +17,4% to 551,1 million.
Sailing, America's Cup: still troubles for Oracle while Luna Rossa prepares for the final
The Louis Vuitton Cup final, which will determine the challenger who will compete against the Americans of Oracle for the most coveted trophy in sailing from 7 to 21 September, begins on Saturday 17 August and will take place in the best of 13 regattas:…
Prada continues to grow: +11,6% in first half sales to 1,7 billion
In directly operated stores, sales reached 1.422 million euros, up 15,6% - By geographic area, Asia Pacific saw an increase in sales of 17,7%, America 13,5% and Europe by 5,7% - The…
Prada: blitz on the bond market, private placement closed for 130 million
The debt securities have a five-year maturity, a coupon of 2,75% and are intended for institutional investors - A note states that the private placement represents "convenient medium-term financing for the company"…
Because in Italy there is no Lvmh
The acquisition of Loro Piana by the French giant LVMH has aroused the usual nationalistic reactions in our country, but why has no financial-industrial center capable of carrying out similar operations in the luxury sector ever been born in Italy? - Here you are…
Prada-Lvmh, battle in the pastry shop: the maison sues the Faccioli for the sale of Cova
Prada has opened a dispute with the Faccioli family, historic shareholders of the Cova pastry shop in Milan, who last week sold 33% of the holding that controls all the assets to the French giant Lvmh for 80 million euros - The…
Prada first-quarter net income up 13,5% on Asia sales
Revenues for the quarter are characterized by opposing trends in the two main distribution channels - Store sales, equal to 678,7 million, mark an increase of 19,1% - The wholesale channel instead records a decrease of 9,4%
Forbes: among the 100 most powerful women of 2013 there are two Italians
They are Miuccia Prada and Fabiola Gianotti - The stylist is in 58th place, while the Cern physicist is in 78th - Until 2010 the only Italian woman always present in the ranking was Marina Berlusconi, since then she has been absent
Stock market: Prada falls in Hong Kong, tripped by Barclays
The sales were triggered by the opinion of an analyst at the British Bank, Candy Huang, who spoke in a report of "growth less than margin estimates" - The group's shares, in any case, are now worth $74 …
Prada, super useful in 2012: +45%
New record for the group chaired by Patrizio Bertelli, which achieved a profit of over 625 million euros - The board of directors has proposed the distribution of a dividend of 9 cents per share.
Stock market: luxury runs, Ti Media collapses. Mediaset wakes up
Prada's (very good) preliminary data gave life to the entire luxury sector: Tod's (+5,39%) ensures the best performance in Piazza Affari - Mediaset reawakens (+5,17%) with the return of the focus on the television sector in the wake of…
Prada, revenues up 29% in 2012. Rewards the retail channel, and luxury in Milan thanks
The luxury brand has announced preliminary revenue growth of 29% in 2012 - All geographical areas are growing: not only Asia but also Italy and Europe - The retail channel and new openings are rewarded - All…
More optimism on the stock exchange: thanks Germany. And luxury runs in Piazza Affari
The German Zew index on business confidence, better than expected, gives a (positive) jolt to European stock markets - Piazza Affari also gains, where the luxury effect is also felt: Prada's good accounts give confidence to all sector…
Gucci and Prada, the Antitrust obscures two sites of counterfeit products
The authority gave two days to the Chinese operators owning the two domains to block the two sites on Italian territory where counterfeit products are marketed: www.gucciooutlet-italy.org and www.pradaborselinea.com.
Mediobanca R&D – Fashion, but what crisis? Profitability goes up
MEDIOBANCA R&D SURVEY - Five groups (Zegna, Ferragamo, Prada, Tod's and Armani) achieved double-digit increases in both margin and turnover - Downturns for D&G and Benetton - Miroglio reported a negative industrial margin in 2011…
Prada, record on the Hong Kong Stock Exchange
The shares reached the maximum price of 71 dollars - Supporting the trend were the favorable results of the last 9 months.
Prada, profit boom in the first nine months: +50%
Patrizio Bertelli's group announces that in the nine months to 31 October net profit rose by 50% to 408,6 million euros, Ebitda reached 727,9 million (+50%) and consolidated revenues amounted to 2,34 billion, an increase of…
Asia drags Prada: profit boom in the first half with +59,5%
The first six months of the year were exceptional for Patrizio Bertelli's brand: net profit amounted to 286,4 million, with an increase of 59,5%, mainly driven by the Asian market.
Trust in Milan, ok Fiat and Mediaset. The recovery of short BTPs continues
After a weak start, the rebound: Fiat and Mediaset are racing in Piazza Affari - Positive news on Greece: the talks between the Greek government and the Troika "have gone well" - The Btp market has not moved much, even if it continues…
Prada boom: revenues +36,5% in the first half
In the first six months of the year, the luxury house's revenues reached 1,54 billion - In the retail channel there was an increase of 47,2% on a year-on-year basis - Prada and Miu Miu the two brands that…
Luxury, after yesterday's rally all stocks are negative today: Cucinelli -4%
Yesterday was characterized by the excellent results of Prada and the cut in Chinese rates - Today negative opening: Cucinelli from +8% yesterday to -4%.
Prada earnings more than double in first quarter 2012
The group led by Patrizio Bertelli improved in the first quarter of 2012 on all continents: Europe +55,5%, Asia Pacific +46,9%, America +34,1% and Japan +38,7% - Net income more than doubled to €121,7 million, up…
CHAMPIONS - The America's Cup lands in Naples: Luna Rossa launches the challenge to Cayard
CHAMPIONS - The America's Cup of sailing speaks Italian again: the World Series lands in Naples and celebrates the great return of Luna Rossa - The challenge to Paul Cayard, legendary skipper of the Moro di…
Prada, excellent 2011: profits +72,2% and soars on the Hong Kong Stock Exchange
The Italian brand has achieved a net profit of 431,9 million euros, even better than analysts' forecasts which were stuck at around 415 million - The stock in Hong Kong has gained 41% since the beginning of the year.
ADVISE ONLY – The devil wears Prada and sells derivatives
ADVISE ONLY - "Those derivative devils – Lies and secrets of the most controversial financial instrument" - A book by Nicholas Dunbar that traces the events of the last 10 years to explain today's financial crisis - The “new…
Prada opens its first store in Brazil and presents the new Spring/Summer 2012 campaign
The Italian brand continues its international expansion and seeks new business in the large South American country, whose growing luxury market appeals to various brands - The 240mXNUMX boutique is located in the prestigious Cidade Jardim mall in…
Prada, 9 months net profit +75% on year
Consolidated revenues +25%, Ebitda +47%, Ebit +58% - The group says it is confident in the possibility of consolidating performance for the entire year.
Giuseppe Vegas "supports" for Piazza Affari: "Prada made a mistake in choosing Hong Kong, good Ferragamo"
Even without naming it explicitly, the President of Consob launched a dig at Patrizio Bertelli's house: "Perhaps he let himself be duped by the sirens of the East". Promoted instead Salvatore Ferragamo, who listed his shares in Milan gaining 30%…
The turnover of fashion is now made in Asia. X-ray of the sector on the eve of the fashion shows a
It is the lifeline for Made in Italy, on the eve of the Milanese fashion shows - For Ferragamo and Prada, the Far East and its surroundings represent the first market - For the rest, a good deal of uncertainty - At the end…
Prada: skyrocketing net profit, +74,2% in the six months
Consolidated revenues rose by 21,1%, to 1,13 billion - Ebitda stood at 315 million (+39,9%) - The best performance in the Asia-Pacific area - The group's strategy " remains focused on expanding the retail network".
Prada, 321 million dollars raised by the greenshoe
The Italian fashion house has announced that its bookrunners have subscribed shares for a further 2,5% of the capital, reducing the holding's stake from 82,5 to 80% - In the last session, the stock lost 3,5. 24%, but from XNUMX June…
Salvatore Ferragamo makes his debut at Piazza Affari
Awaiting today for the IPO of the Florentine maison - The price set for the placement, 9 euros per share, is deemed appropriate by the managers - The operation follows that of Prada, which has recorded relative success
Prada stock soars in Hong Kong, +8%
After a debut with some complications, excellent performance today of the title of the famous Italian fashion house.