Prada Group

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ITALY: Prada To Make Public Offering Before July | 1 Nov 04

Fashion company Prada Holding NV said today that its planned public offering will happen before July 2005.

ITALY: Prada To Reshuffle Management After CFO Resigns | 26 Oct 04

Italian fashion house Prada is to reshuffle its senior management structure following the sudden resignation of chief financial officer Ricardo Stilli.

Keeping tabs on RFID developments | 11 Oct 04

While many apparel companies have been given the mandate to accelerate RFID implementation, experts are on the fence about whether its benefits will match its hype or, for that matter, even pan out at all. Many companies aren’t properly prepped for implementation and the technology is yet to be perfected – a combination that leaves the impact of RFID in question.

ITALY: Prada Buys Remaining Stake In Helmut Lang | 5 Oct 04

Luxury retail group Prada has bought the remaining stake in the Helmut Lang label for an undisclosed amount.

Revamped GDS goes back to the future | 27 Sep 04

Retro sporty shoes in a broad range of colours for both men and women, 40s-style peep toes, flat round-toed moccasin mules, wooden-soled clogs, flower and butterfly motifs were some of next summer’s highlights on show at the GDS footwear fair. Penny Leese reports.

ITALY: Prada Records 15% Seven-Month Sales Hike | 27 Sep 04

Luxury goods brand Prada has increased sales by 15 per cent to $800 million for the seven months ended July.

Foreign retailers set sights on China | 15 Sep 04

In December, China's retail arena will open up to foreign firms. Top names are already pouring billions of dollars into the market, lured by a ballooning middle class. But a new report warns that costly plans could go awry against a backdrop of confusing regulations, chaotic logistics, perplexing tastes and formidable domestic rivals.

CHINA: Designer Brands Banned From Beijing Markets | 7 Sep 04

Beijing’s law enforcement agencies have banned the sale of Louis Vuitton, Chanel, Prada, Givenchy and Fendi at the city’s free markets.

Zara takes a cautious step into China | 6 Sep 04

Investors are continuing to show confidence in the long term potential of Hong Kong's retail market - with leading Spanish fashion brand Zara among the latest to open a store there. Even though parent company Inditex has a long history of sourcing in the region, this is the first wholly owned and managed Zara store in Asia. Marie-Hélène Corbin meets David Konn, Inditex Asia general manager.

The top 8 shopping trends | 28 Jun 04

With all of the variables impacting today's retail environment, wouldn't it be a lot easier if we knew exactly what consumers want, when they want it and how much they're willing to pay? While there's still no crystal ball, WSL Strategic Retail's "How America Shops" study can give you surprising insights into the minds and behaviours of today's shopper. Here, Stacy Baker outlines 8 must-know facts about consumers.

ITALY: Jil Sander Names Former Gucci Exec CEO | 27 May 04

German fashion house Jil Sander AG has appointed Gian Giacomo Ferraris as its new CEO.

Real leather looks shine at Lineapelle | 14 May 04

The look of real leather shone through at the recent Lineapelle leather, materials and components fair. Warm and natural colours, hand brushing, whitened surfaces and overlay treatments, embossing and photo-prints were some of the trends picked up by Penny Leese.

HONG KONG: Prada To Invest EUR35m In China | 29 Apr 04

Italian fashion house Prada has announced plans to invest EUR35 million in boosting its presence in China over the next two years.

ITALY: Fendi President To Sell 16% Stake | 28 Apr 04

The president of Italian fashion house Fendi is to sell her stake in the company to French luxury goods group LVMH Moet Hennessy Louis Vuitton.

ITALY: Prada 03 Profit Jumps 33% To EUR36m | 31 Mar 04

Fashion house Prada SpA has posted a 33 per cent increase in net profit to EUR36 million for 2003, compared with EUR27m in the previous year.

GERMANY: Jil Sander 2003 Loss Widens To EUR28.4m | 29 Mar 04

The war in Iraq, SARS and the strong euro have all been blamed by German fashion company Jil Sander AG for its poor performance in 2003.

Seasonal schizophrenia takes hold at GDS | 17 Mar 04

Boots are next winter's big theme - especially with sheepskin looks. Exhibitors at GDS, the world's biggest shoe show in Düsseldorf, did their best to attract attention with colourful collections intended to counteract the mood of the poor German footwear retail economy.

NETHERLANDS: Gucci CEO Santucci To Stay On | 2 Dec 03

Gucci president Giacomo Santucci has announced he will stay with the luxury brand despite the impending departure of CEO Domenico De Sole and head designer Tom Ford.

ITALY: Byblos Opens First Russian Store | 1 Dec 03

Luxury brand Byblos has opened its first Russian boutique in Moscow.

HONG KONG: Luxury Brands Returning Access Asia | 27 Nov 03

Luxury international brands are slowly returning to Hong Kong. As the territory's once sky-high rentals continue their decline (down 30 per cent since their 1997 peak) and the negative effects of Sars wear off, consumer spending by locals and (often wealthy) mainland Chinese tourists is climbing.

TURKEY: Beymen Opens US$4.5m Superstore | 17 Nov 03

Clothing retailer Beymen has opened a US$4.5 million, seven-storey megastore in Istanbul’s Nisantasi district, Turkish News Digest has reported.

ITALY: Prada Sells Assets To Offload Debt | 7 Nov 03

Fashion house Prada would see its debt fall to 650 million euros by year's end thanks to various-sell offs, chief executive Patrizio Bertelli predicted on Thursday. The label, which posted a debt of EUR770m a year ago after a spate of acquisitions in the 1990s luxury boom, has already offloaded real estate, an eyewear firm and 45 per cent of shoemaker Church's this year to lower debt.

Lineapelle takes a shine to leathers | 5 Nov 03

Brilliant mirror-finish metallics will compete for attention with pale natural leathers in autumn/winter 2004 according to last week's Lineapelle leather and components fair. Also targeted at the footwear and leatherwear industry were hand finishes, natural furs and pony skin, novelty leathers, and animal prints reports Penny Leese.

UK: Prada Settles Case With Former Head Tailor | 20 Oct 03

The former head tailor of Prada's flagship UK store in London has reportedly agreed to a six-figure out-of-court settlement for his claim of unfair dismissal.

ITALY: Prada CEO Says 2003 Sales On Par With 2002 - Paper | 29 Sep 03

Patrizio Bertelli, chief executive of Prada SpA, says the Italian fashion group is on course to meet last year's operating profit of 210 million euros and sales of 1.57 billion euros.

GERMANY: Neil Barrett To Design New Puma Collections | 26 Sep 03

Puma AG on Friday announced the appointment of Neil Barrett as creative director for a new series of Puma Collections.

ITALY: Prada CEO Says 2003 Profit To Jump 30% | 25 Jun 03

The head of Italian fashion house Prada Holding NV on Wednesday said its full year profit will rise by at least 30 per cent this year from 2002 thanks to cost cuts.

ITALY: Prada Pays Back Final Bond | 21 May 03

Fashion group Prada Holding NV on Tuesday said it has no more bonds outstanding after subsidiary Prada Lux SA paid back a 129 million euros bond.

JAPAN: Prada Unit Posts 260% Leap In FY Profit | 9 May 03

The Japanese unit of Italian fashion giant Prada on Thursday posted a whopping 260 per cent year-on-year surge in full year net profit to 385 million yen.

ITALY: Prada Sells 45% Stake In Shoe Firm Church's | 22 Apr 03

Italian fashion house Prada on Monday said it had sold a 45 per cent stake in luxury shoe firm Church’s to Equinox just four years after acquiring the famous footwear brand.









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