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Retail Asia08/12/2023

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Prada is looking to double its business in key luxury market China, Chief Executive Gianfranco D’Attis said on Wednesday, even as the country faces slowing growth in luxury demand and significant economic headwinds. “We have a lot of ambitions here in China, to double our business in the upcoming mid-term future. And with that comes […]

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Retail Asia02/11/2023

Prada Group enjoyed higher net revenue in the first nine months of FY23, with Miu Miu delivering outstanding results, attributed to growing brand awareness and increasingly strong client relationships worldwide. The luxury retailer saw net revenue rise 17 percent year over year to US$3.53 billion in the nine months ended September 30. Retail sales of […]

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Retail Asia25/10/2023

Prada Group and other luxury retailers collaborated with Amazon’s Counterfeit Crimes Unit (CCU) to provide information to Chinese authorities, resulting in a case against a counterfeit items seller who pleaded guilty. “We are firmly committed to eradicating the sale of counterfeit goods to protect our brands and to ensure that our products meet the level […]

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Retail Asia07/12/2022

Patrizio Bertelli, the current CEO of the premium brand, will be chosen chairman at the annual shareholder meeting next spring. He will succeed Paolo Zannoni, who will be proposed for the position of executive vice chairman of the group and chairman of Prada Holding, the parent firm. Current Co-CEO Miuccia Prada, age 73, will continue […]

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Retail Asia02/12/2021

Italian fashion group Prada sees opportunity in the booming second-hand fashion sector which it can develop both in-house and through partnerships, marketing chief and heir designate Lorenzo Bertelli said. The market for pre-owned chic bags and clothes has surged over the last three years, driven by younger, more environmentally conscious shoppers looking for affordable high-end […]

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Retail Asia12/03/2021

Italian fashion group Prada’s sales and profits rebounded at the end of last year from a first-half slump due to the coronavirus pandemic, boosted by a strong performance in China and elsewhere in Asia, and the positive trend has carried on into 2021. Luxury fashion companies have been hit hard by the impact of the […]

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Retail Asia01/02/2021

Italian luxury group Prada sees revenues rising to 5 billion euros ($6.1 billion) in four to five years, its chief executive said on Thursday. “We will reach five billion euros in a matter of four to five years. COVID-19 has given a strong shock to the whole system, we will see a strong acceleration when […]

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Retail Asia22/01/2021

Italian luxury label Prada has ended all cooperation with Chinese actress Zheng Shuang, a week after appointing her as a brand ambassador after she was engulfed in a surrogacy controversy that has enthralled the Chinese public. Prada made the announcement late on Tuesday, after coming under heavy criticism on Chinese social media for cooperating with […]

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Retail Asia16/09/2020

Sales of luxury Prada items in China have exceeded last year’s levels since the brand’s physical stores reopened following the coronavirus pandemic. The Chinese appetite for luxury items has rebounded strongly despite the impact of Covid-19, even as global sales are hit with a decline of 35 percent. “To date, the Prada Group’s sales in […]

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Retail Asia09/09/2020

Italian luxury fashion house Prada has opened a new boutique in Tokyo’s Shibuya district, featuring the unique evolution of its green-themed interior design. Located at the Miyashita Park shopping mall, the store is designed by OMA studio, founded by Rem Koolhaas. With a floor area of about 300sqm, it displays Prada’s full range of clothing, […]

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Retail Asia03/02/2020

Bob Chua, founder and CEO of BlinQ, says the partnership will give Southeast Asian consumers easy access to thousands of new products from high-end brands. “We have been growing quickly, and this partnership provides a greater depth of brands and products to our users in the Southeast Asian region.” Chua says BlinQ has more than […]

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Retail Asia15/08/2019

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Prada sales rose 2 percent in the first half of the year, as improving full-price sales and solid growth in its wholesale channel offset the impact of a move to cut back on markdowns. The Hong Kong-listed Italian luxury fashion group said this year it would stop offering end-of-season promotions in its stores and be […]

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Retail Asia02/08/2019

Luxury Italian fashion brand Prada has launched six bags made from regenerated nylon, as the first stage in a plan to phase out virgin nylon during the next two years. In a project dubbed ReNylon, Prada will replace virgin nylon in its collections by using regenerated nylon yarn called Econyl. The first products made with […]

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Retail Asia01/08/2019

Luxury Italian fashion brand Prada has launched six bags made from regenerated nylon, as the first stage in a plan to phase out virgin nylon during the next two years. In a project dubbed ReNylon, Prada will replace virgin nylon in its collections by using regenerated nylon yarn called Econyl. The first products made with […]

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Retail Asia11/07/2019

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Luxury fashion house Prada has launched a pop-up store at Atrium II in Harbour City to introduce its Prada Thunder project. The store showcases a selection of ready to wear, bags, shoes and accessories for men and women, featuring Prada Menswear and Womenswear Fall/Winter 2019 prints designed by artist Jeanne Detallante exclusively for the brand. […]

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Retail Asia25/06/2019

Chinese artist Cao Fei has entered into a collaboration with Prada on a special project, “Code Human”, starring Chinese idol Cai Xu Kun to showcase the Prada Fall/Winter 2019 menswear collection. The project, which explores “the meaning of iconography, idolatry, fandom and adoration in our super-media age”, is part of a long-standing program of cross-media […]

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Retail Asia11/06/2019

Italian luxury fashion label Prada is to cull its wholesale distributor list, in order to take more direct control of pricing. In a short filing with the Hong Kong stock exchange (where the company is listed), Prada said that its board has analyzed in detail the structure of its wholesale channels “and noted the growing […]

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Retail Asia25/04/2019

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Fashion label Prada has opened a new outlet in Chinese Chongqing at the popular MixC department store. The 600sqm Prada Chongqing space stocks a selection of both women’s and men’s collections spanning ready to wear, leather items, shoes and accessories. The store’s design features spiral metal blades in gold and silver set against black marble […]

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Retail Asia08/02/2019

Luxury fashion is all about breaking codes, creating a new, irresistible message that captivates consumers. But some of the globe’s top brands have raised eyebrows with designs that have seemingly racist undertones. The latest instance of that was Italian fashion designer Gucci, which produced a black wool balaclava jumper with an oversized collar that pulls […]

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Retail Asia24/01/2019

Southeast Asian online luxury marketplace Reebonz is exploring blockchain technology as part of its strategy to demonstrate the provenance of products. Complementing the firm’s existing in-house team of ateliers who specialise in authenticating leather products, timepieces, gemstones and jewellery, Reebonz intends to incorporate all transactions on a blockchain to ensure the comprehensive traceability of all […]

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