ITALY: Prada reports HY sales boost
- Revenues up 29.4% to EUR936.5m
- Net profit of EUR103m
- Strong Far East growth
Italian luxury goods firm Prada has posted strong first-half sales growth, buoyed by 41% growth in directly operated stores.
Sales increased 18.7% in Europe, 29.9% in the US and 47.3% in the Far East.
Patrizio Bertelli, cheif executive of Prada, said: "The Prada Group's strategy, aimed at growth in all markets, will be further strengthened in the following years through the development of our directly operated stores network."
Historic textiles business Smiths of Peterhead has gone into administration after failing to reach agreement with a major creditor. ...
Italian fashion house Prada has ended fiscal 2010 with consolidated revenues of EUR2bn (US$2.7bn), showing 31% growth. ...
Cashmere yarn spinner Todd & Duncan has promoted its finance director Iain Cormack to the additional role of deputy managing director....
- Expensive US dollar hitting H&M sourcing costs
- Enthusiasm for tech in outdoor apparel on rise
- 2015: Welcome to the new fashion consumer
- Apparel industry gains traction says IAF chief
- Performance apparel set for continued growth
- Kanati pulls production out of Pakistan
- Sears Holdings cuts 115 corporate jobs
- H&M Q4 mixed but plans 400 new stores
- JC Penney to close 10 Foundry stores
- UK clothing sales see strongest rise in two years
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Outdoor performance apparel: peaks, valleys, and green fields
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Li & Fung Limited (494) - Financial and Strategic SWOT Analysis Review
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead