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....
- How M&S plans to revamp its clothing business
- The difference between compliance and safety?
- Footwear to see "significant" gains from TPP
- Yarn-forward rules weigh on Vietnam TPP potential
- UK retailers key to domestic manufacturing growth
- Gap accused of rights violations in supply chain
- US Q1 in brief – Guess, Burlington Stores, Sears
- M&S to see "departure" of sourcing chiefs?
- Adidas Speedfactory eyes large-scale production
- H&M, Inditex and Nike rated supply chain leaders