All Prada articles – Page 2
-
News briefs
A new sustainable collab between Adidas and Prada
Adidas has unveiled a new partnership with Prada with a sustainable twist. The new Adidas for Prada Re-Nylon collection consists of a wide range of Adidas Originals products made in Italy with the permanently recyclable Re-Nylon fabric introduced by Prada in 2019, which is made by recycling textile waste and ...
-
ArticlePrada operating profit above pre-Covid level
Prada finished the first half with earnings before interest and taxes (Ebit) above pre-Covid levels thanks to a recovery in sales and disciplined cost management. In the first six months of 2021, overall revenues totaled €1,501 million, up by 60 percent year-over-year on a reported basis and by 66 percent ...
-
ArticleStocks of footwear firms benefit from the re-opening of the economy in Q2
In the second quarter, stocks of footwear companies were generally higher as they benefited from the reopening of the economy, following the easing of Covid-19 restrictions, and a subsequent rebound in the consumption of clothing and shoes. Large U.S. footwear companies, which had already posted strong gains in the first ...
-
ArticleLVMH, Prada and Cartier launch a blockchain for luxury goods
LVMH, Prada and Cartier, a unit of the Swiss luxury goods group Richemont, have joined forces to develop the Aura Blockchain Consortium, a global luxury blockchain. LVMH said that the collaboration “between competitors represents a single, innovative solution to shared challenges of communicating information on authenticity, responsible sourcing and sustainability ...
-
News briefs
Gucci, Burberry, Prada, Dior, Moncler win Altagamma Digital Awards
Gucci, Burberry, Prada, Dior and Moncler are all winners of the Altagamma Digital Awards 2020, announced Dec. 4. The honors, organized by the Italian luxury goods association in collaboration with Internet marketing specialists ContactLab, recognize luxury brands that have distinguished themselves with their digital prowess. The awards, in their fourth ...
-
ArticleSustainable financing becomes fashionable
The French fashion group Chanel in September became the latest company in the business to make use of sustainable financing, an increasingly important accessory in the portfolio of companies that are looking to lower their environmental footprint. Chanel offered €600 million in “sustainability-linked” bonds to finance the achievement of carbon ...
-
ArticlePrada first-half sales down by 40 percent
The Italian fashion house Prada posted first-half sales of €938 million, down by 40 percent at constant currency rates, as 40 percent of its retail network was closed on average from February to May, reaching a peak of 70 percent in April due to coronavirus-related lockdowns. Global retail sales were ...
-
News briefsPrada appoints Christopher Bugg group communications director
Prada has appointed Christopher Bugg as communications director for the group and will report to Lorenzo Bertelli, the Italian fashion group’s head of marketing. Bugg joined the group in January 2020 as Prada’s marketing and communication director for Asia. Previously, he was the global digital communications director at Louis Vuitton ...
-
News briefs
Prada sales rise over 10% in China in May
Prada’s sales in China rose “significantly” more than 10 percent in May compared with April, the company’s chief executive officer Patrizio Bertelli told Bloomberg TV. But, the rise is still far from sufficient to compensate for the decline in sales in the country following the lockdowns introduced to block the ...
-
News briefs
Prada scraps dividend payment
Like many other companies, Prada has decided to drop its full-year dividend to retain financial resources in the light of the crisis caused by the Covid-19 pandemic. It said that the decision will give it access to ”further resources to rapidly go back to its previous activity levels in the ...
- Previous Page
- Page1
- Page2
- Next Page
