Prada

Prada was founded in 1913 by Mario Prada, Miuccia Prada’s grandfather, who opened the first store in the Galleria Vittorio Emanuele in Milan, where he sold bags, trunks and travel accessories. Prada expands its network of directly owned stores in 1983, focusing on a new aesthetic layout. The first store under this concept is opened in Milan in Via della Spiga followed by boutiques in New York, Madrid, London, Paris and Tokyo.

The group Capri’s economic stability is back on track following the completion of the largest deal in the Italian company’s history, valued at $1.375 billion.

Prada Invests €300 Million to Bolster Manufacturing During Versace Merger

As the ink dries on the Versace acquisition, the Italian conglomerate ramps up its industrial efforts with a strategic push across four key hubs and 25 factories. Sales forecasts predict a remarkable climb past $6 billion in 2025.

Prada’s Lorenzo Bertelli Takes Helm in Versace’s Rebranding Effort

In the wake of Capri’s €1.25 billion purchase of Versace, Prada is gearing up to name Lorenzo Bertelli as its new CEO. The executive will officially step into his role after the merger is finalized.

Prada Sustains Momentum with 6% Growth Through Q3

The Hong Kong-listed Italian group has experienced a slowdown in growth driven by currency shifts. Despite this, the company achieved a steady 9% growth at constant exchange rates through September, consistent with its first-half results.

Prada Secures EU Approval for Versace Acquisition

In a €1.25 billion transaction, the European Commission has approved Prada Group’s purchase of Versace, confirming no competition hurdles.

United Front: Italian Fashion Industry Moves to Safeguard ‘Made in Italy’

The Camera Nazionale della Moda convened top industry players during Milan Fashion Week to advocate for safeguarding the value chain and pushing for stricter regulations to secure the future of Italian luxury.

Patrizio Bertelli has confirmed that his son Lorenzo will take the reins in the future, taking over from current CEO Andrea Guerra. He will take over as chief marketing officer and head of sustainability from 2024.

The Italian powerhouse wrapped up the first half of the year with sales reaching €2.74 billion and a net income of €386 million. The company plans to finalize its acquisition of Versace in the latter half of 2025.

The executive, at the helm of the iconic brand and a stranger to the founding family, will leave the Italian group on June 30 by “mutual agreement”. Andrea Guerra will take over the position on an interim basis after months of internal tensions.

The Italian luxury company reached sales of 3.2 billion euros in 2019 and has recorded a net income of 256 million euros.

This is the first alliance between two creatives in the luxury fashion segment. Simons has piloted companies such as Dior or Calvin Klein and will work alongside Prada starting April 2.

The Italian luxury group has appointed Benedeta Petruzzo as the new CEO of Miu Miu. The executive will relieve María Cristina Lomanto, CEO of the brand.

The Italian luxury company has opened a new store in SKP department store in Beijing, China. The store has 122 square meters and its design was created in partnership with Selfridges.

The Italian luxury company will participate in a three-month acceleration program supported by Startupbootcamp and held at the WeWork co-working space in central Milan from January 20.

The Italian luxury group will launch a limited edition product every month that will be available only for twenty-four hours in its online platform.

The Italian luxury group has signed a deal with the German sportswear company for the launch of a new collection.

The Spanish footwear company has formalized a new revolving line of credit for the development of a type of footwear with ecological awareness that minimizes the environmental impact.

The Italian luxury company has made a five-year deal with Crédit Agricole Corporate and Investment Bank that will adjust to the group’s sustainable goals.

The Italian luxury group finished H1 with a net benefit of 155 million euros (172.5 million dollars) compared to the 99 million euros (119 million dollars) of 2017, due to Patent Box tax relief.

Luxury Italian group, owner of Prada, will start the commercialization of its products in the Chinese luxury ecommerce marketplace from the following June.

Italian luxury company has explained that is planning to rationalize its appearance in multi-brand channel due to “the fragmentation of the wholesale market”.

The company added Stefano Sutter to its team, who will be in charge of the functions for the region of Europe and Near East.

Cósima Ramírez takes a #Selfie for Mds. The businesswoman is linked to the world of fashion since she was born. Her mother, Agatha Ruiz de la Prada, is one of the most renowned Spanish designers.

Apparently, the Italian luxury company is unsatisfied with the sales performance of the fragrances business, which registers annual sales of around 100 million euros, 50% less than the goal set up by Puig when getting the license back in 2003.

The executive, son of Miuccia Prada and Patrizio Bertelli, has assumed the management of Prada’s digital communication department. The company also denied rumours of a potential sale.

The Shandong Ruyi-owned French group has continued to extend in the Chinese market, where consumption has speeded up again and premium and luxury players have new growth perspectives.

Perfiles relacionados

Prada

Andrea Guerra

Mergers & Acquisitions

The Leadership Shuffle

Global Fashion Giants

Bernard Arnault

Luca de Meo

Óscar García Maceiras

Nicolas Bos

Richard Dickson

Elliott Hill