Prada SpA news and archive

Prada makes plans to scale back its wholesale network

Prada SpA has decided to reduce its wholesale network as a means to keep better pricing consistency across all retail channels. The company told WWD that it notices a "growing complexity and fragmentation of the wholesale market" and its new plan of action will allow greater transparency with consumers. In a short filing with the Hong Kong stock...

Business|ANALYSIS Featured

China’s slowdown sends Prada’s shares tumbling

New York - Prada reported full-year sales of 3.142 billion euros on Friday, up 6 percent at constant exchange rates and compared with 9.4 percent growth in the first six months. At current exchange rates, sales growth came in at 3 percent, explained the company in a financial release. Negative impact of macro-economic factors on Prada’s annual...

Business

Prada H1 sales and profit rise

Italian luxury goods maker Prada said on Wednesday its H1 net income for 2018 rose 11 percent to 106 million euros. Revenues increased 9 percent at constant FX or 3 percent at current FX from the same period last year to 1.5 billion euros. Hover over the graph to learn more. Prada Spa was founded in 1913 by Mario Prada and is based in Milan,...