Patrizio Bertelli news and archive

Prada’s FY15 profits struck by Asian slowdown

Luxury Italian conglomerate Prada SpA has seen its profits take a hit once more, as the slowdown in demand in Asia - particularly China - struck its profits for its fiscal year 2015. The group has reported its lowest profit in five years, as pressure on Chief Executive Officer Patrizio Bertelli to turnaround things for the company’s luxury...

Fashion

Prada announces record sales

Prada announces booming sales as they have broken their own records, doubling net profits from 2010.Figures rose from £88.4million in 2009 to £221.2 last year - a 150% increase. "The group has a strong industrial and distribution structure, ready to seize the best opportunities offered by any market," says CEO Patrizio Bertelli. "We have spent...