Prada Group

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Press Release


Date of publication Title

  • 2014-12-19 FIRST PRADA STORE IN GWANGJU

    FIRST PRADA STORE IN GWANGJU

    Milan, December 19th, 2014 – Prada opens its first store in Gwangju, South Korea, inside the prestigious Lotte department store.

    The new space, designed by architect Roberto Baciocchi, covers a total area of approximately 290 square metres on a single level and houses the women’s and men’s leather goods and footwear collections.

    The internal façade stretches over 30 meters and is characterised by two large corner entrances.
    Slim strips of black Marquinia marble frame the windows and the light boxes.

    The first entrance, defined by the signature black-and-white marble chequered flooring, leads to an area where the women’s leather goods collections are displayed. The space is characterised by green fabric-clad walls with cut-in polished steel display niches and crystal tables. From here, the visitor is lead to an area dedicated to the women’s footwear collection, defined by beige carpeting and green velvet sofas.

    The second entrance opens up on a single room featuring masculine materials and finishes and hosting the men’s leather goods and footwear collections. The space is defined by the distinctive black-and-white marble chequered flooring – in line with the adjacent area dedicated to women – and ebony-clad walls with polished steel display cases.

    For further information:
    Prada Press Office
    Ph. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-12-19 MIU MIU OPENING IN GWANGJU, SOUTH KOREA

    MIU MIU OPENING IN GWANGJU, SOUTH KOREA

    December 19th 2014 - Miu Miu continues its expansion in South Korea opening in the prestigious Lotte department store, home to the world’s most important luxury brands.

    Designed by the architect Roberto Baciocchi, the space is located on the first floor, covers an area of 105 square metres and offers handbags, footwear and accessories.

    Signature gold damask drapes and display niches uphold contemporary elegance and femininity. Polished steel shelving lends brightness and a rectilinear edge.

    Soft beige carpeting and a white canvas ceiling ensure intimacy and warmth and the ambience is completed by glittering crystal display counters with fine metal frames.

    Miu Miu Gwangju Lotte, Gwangju Lotte Department Store 1F, 268, Dongnip-ro, Dong-gu, Gwangju, 501 811

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

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  • 2014-12-18 FIRST PRADA STORE IN MARRAKECH

    FIRST PRADA STORE IN MARRAKECH 

    Milan, December 18th, 2014 – Prada opens its first store in Marrakech, inside the prestigious La Mamounia Hotel.

    The new space, designed by architect Roberto Baciocchi, features a reinterpretation of the historic Prada store located in Galleria Vittorio Emanuele II in Milan and dating back to 1913. With a total area of 50 square metres, the new boutique hosts the women’s leather goods and accessories collections.

    The space is defined by Prada’s traditional elements: from the distinctive black-and-white marble chequered flooring to the iconic oval wood and crystal counters, beige walls and brass-framed mirrors.

    An image depicting the same Rex liner scene as painted by celebrated set designer Nicola Benois in the early 1900s for the historic Prada store in Milan covers an entire wall.

    An oval wood and crystal display counter and “Clover Leaf” sofas, designed by Verner Panton and reproduced exclusively for Prada, complete the setting.

    For further information:
    Prada Press Office
    Ph. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-12-05 PRADA SPA APPROVES GROUP RESULTS FOR THE NINE MONTHS ENDED OCTOBER 31, 2014

    PRADA SPA APPROVES GROUP RESULTS FOR THE
    NINE MONTHS ENDED OCTOBER 31, 2014

    CONSOLIDATED NET REVENUES OF EURO 2,552 MILLION,
    NET PROFIT OF EURO 319.3 MILLION

    Milan, December 5, 2014 – The Prada spa Board of Directors today examined and approved the Interim Consolidated Report for the nine months ended October 31, 2014.

    The results for the first nine months of the 2014 financial year should be viewed in light of the somewhat complex political, economic and forex environment, also taking account of strategic and organizational initiatives undertaken by the Group.

    Consolidated net revenues

    Consolidated net revenues for the period amount to Euro 2,552 million, broadly in line

    with 2013 : -0.9% at current exchange rates, +0.5% at constant exchange rates.

    Wholesale channel

    In line with Group distribution strategy which has, for several years, concentrated on the development of the DOS (Directly Operated Stores) network, wholesale channel sales have decreased by 3.7% (-4.2% at constant exchange rates) to stand at Euro 351.5 million.

    Retail channel by geographical area

    Retail channel sales total Euro 2,171.7 million: -0.5% at current exchange rates, +1.3% at constant exchange rates. As at October 31, 2014, the retail network included 580 DOS, 40 of them opened during the current financial year.

    The Asia Pacific area reports decreases of 4.3% at current exchange rates and 2.8% at constant exchange rates. Sales in said area were primarily conditioned by the Hong Kong market which was already weak in the previous months and deteriorated further in October following the well known facts. China, the largest market in the Asia Pacific area in terms of sales, has recorded a positive revenue trend.

    The Americas market has grown thanks to domestic demand and has recorded revenue increases of +6% at current exchange rates and +8.8% at constant exchange rates.

    Meanwhile, in Europe, revenues have fallen by 1.8% at both current and constant exchange rates. Sales in this area have been negatively influenced by two main factors: a fall in the volume of tourism - triggered by geopolitical tension in certain areas and by forex trends - and the lack of economic recovery which continues to depress local consumer spending.

    The Japanese market recorded a positive trend and achieved strong growth in the period under review: +8% at current exchange rates and +15.3% at constant exchange rates.

    The Middle East also achieved revenue growth in the nine months ended October 31, 2014: +9.8% at current exchange rates and +11.7% at constant exchange rates.

    Retail channel by brand

    At current exchange rates, the Prada brand recorded a small -1.5% decrease in sales whereas, at constant exchange rates, the brand’s sales were broadly in line with 2013 (+0.3%). The Men’s segment performed particularly well, in line with Group strategy focused on achieving growth for men’s collections in all geographical areas.

    Miu Miu continued to grow with a +6.1% increase at constant exchange rates (+3.9% at current exchange rates). Except in Europe, the brand continues to record good rates of growth on all markets.

    Church’s has also performed well with +11.1% sales growth at constant exchange rates (+13.3% at current exchange rates), as has Car Shoe retail network,with +7.5% growth at constant exchange rates (+7.6% at current exchange rates).

    Margins

    Margins have been conditioned by the revenue trend which didn’t allow to absorb the additional costs due to retail network expansion: 64 new store openings in the last twelve months, including 38 Prada, 21 Miu Miu and 5 Church’s.

    EBITDA amounted to Euro 681.7 million, or 26.7% of consolidated net revenues.

    EBIT totaled Euro 496.4 million or 19.5% of consolidated net revenues.

    Net profit was Euro 319.3 million or 12.5% of consolidated net revenues.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa, commented: “2014 is proving to be a more challenging year than expected. On top of the ongoing difficult international economic environment, the luxury goods market is undergoing a certain readjustment, the extent of which is not yet entirely clear. We are confident in the medium-term growth prospects of the market, but also aware of its increasing level of complexity. Consequently, we remain convinced that we have made the right choice in continuing to prioritize the Group’s medium-term development, through investments focused on achieving qualitative and stylistic excellence. We are also working on making our business structures more efficient and improving the operating performance of our stores, in order to ensure the Group achieves satisfactory levels of profitability”

    For further information, contact:

    Prada Press Office
    Tel. 02.541921
    e-mail: ufficio.stampa@prada.com

    PRADA Group
    The PRADA Group – HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrance and mobile telephone sectors. Its products are sold in 70 countries worldwide through 580 directly operated stores (DOS) at October 31, 2014 and a select network of luxury department stores, independent retailers and franchise stores.

     

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  • 2014-11-28 PRADA OPENS A NEW STORE IN FRANKFURT DEDICATED TO THE MEN’S COLLECTIONS

    PRADA OPENS A NEW STORE IN FRANKFURT COMPLETELY DEDICATED TO THE MEN’S COLLECTIONS

    Milan, November 28, 2014 – Prada opens a new store in Frankfurt, on the renowned Goetheplatz.

    The new space, designed by architect Roberto Baciocchi, covers a total area of 1,000 square metres, spread over two floors, and houses the men’s ready-to-wear, leather goods, accessories and footwear collections.

    The external façade features two glass walls overlooking the square. The ground and first floor windows are framed by slim black Marquina marble profiles, creating a design that harmoniously blends with the building’s architecture.

    ‘Made-to-Order’ and ‘Made-to-Measure’ services are also available: the former enables customers to create custom garments, accessories and footwear, by choosing among a variety of materials, finishes and colours; while the latter offers made-to-measure suits, coats, jackets, shirts and pants with a wide range of options.

    The ground floor opens up on a unique perspective: a series of portals enhances the depth and masculine flair of the space. The interior is defined by slim Saint Laurent marble floorboards and walls featuring orange encaustic painting and metal and crystal display niches. The series of portals leads to suspended spaces dedicated to the leather goods, travel and footwear collections. The marble of the flooring turns into wood and the ethereal display cases give way to metal and crystal structures mounted on walls clad in slim wooden slats.

    An imposing marble staircase and a crystal elevator lead to the upper floor, where the ready- to-wear collections are displayed.
    Wood floorboards and walls set the rhythm of the interior; crystal and metal display cases and ostrich leather sofas complete the furnishing. The display counters' design is defined by saffiano detailing in bright hues of green and blue.

    Two large floor-to-ceiling windows overlooking Goetheplatz lighten up the space and serve as a breathtaking backdrop.

    The back area, well-lit with natural light, flaunts an intimate, sartorial atmosphere: the product display enhances the welcoming tones of the area dedicated to the special collections and the 'Made-to-Measure' service.

    The entire store is characterized by a traditional beam ceiling, reinterpreted with a contemporary note by combining Prada green with aluminium detailing, and representing a new mix between the materials’ masculine feel and the spaces’ contemporary identity.

    For further information:
    Prada Press Office
    Tel. +39 02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-11-24 MIU MIU OPENING IN DUBLIN, THE REPUBLIC OF IRELAND

    MIU MIU OPENING IN DUBLIN, THE REPUBLIC OF IRELAND

    November 24th 2014 - Miu Miu opens in the prestigious Brown Thomas, Ireland’s most famous and prestigious department store, in Grafton Street, Dublin.

    The Miu Miu space, located on the ground floor, is dedicated to collections of bags and accessories.

    Designed by the architect Roberto Baciocchi, the space upholds the iconic signatures of Miu Miu’s retail environment throughout. Gold damask covers soft furnishing and walls while glass shelving and polished steel counters ensure product is displayed at its best. A brown marble floor covered with luxurious gold carpet finishes the interior in a classically elegant manner.

    Brown Thomas was first opened by Hugh Brown at 16 Grafton Street in 1848 and expanded over the following century. Today it extends over 12,000 square metres and is home to the world’s best-known luxury brands.

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

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  • 2014-11-20 MIU MIU OPENING IN BEIJING, CHINA

    MIU MIU OPENING IN BEIJING, CHINA

    November 20th 2014 - Miu Miu continues its expansion in mainland China with two new stores located within Shin Kong Place, the most busy and prestigious shopping destination in the city.

    Both stores have been designed by the architect Roberto Baciocchi and are located on the fourth floor of the mall. The first, dedicated to ready-to-wear, covers an area of 180 square metres and the second, home to footwear, extends a little over 100 square metres.

    The aesthetic signatures of Miu Miu’s retail environment are all in place: gold damask and floor-to-ceiling mirrors, niches backed with more mirror and polished steel display counters dominate and a sense of warmth and intimacy is achieved by the presence of damask clad lounge areas.

    A backlit perforated ceiling and brown marble floor finish the interior ensuring that the collections are showcased at their best and lending the space the perfect balance between classic elegance and modernity, femininity and playfulness that Miu Miu is known for.

    Miu Miu Beijing Shin Kong Place, 4/F Shinkong Place, 87 Jianguo Lu, Chao Yang District

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

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  • 2014-11-18 PRADASPHERE COMES TO HONG KONG

    PRADASPHERE COMES TO HONG KONG

    Prada: A cosmos of its own
    composed of heavenly bodies
    set in complex orbit.
    A universe of contradictions
    and endless elaborations—
    noble causes and base temptations—
    where idealism meets vanity,
    intelligence meets passion,
    fashion meets fiction.
    Welcome to the Pradasphere


    Milan, Italy, November 18th, 2014 — Pradasphere, a special exhibition exploring the universe of Prada, is unveiled on November 18th in Hong Kong, situated on the top of Central Ferry Pier 4, with dramatic views across the harbour to Kowloon. Debuted in London in May 2014, the exhibition traces the multivalent obsessions of one of the world’s most iconic brands.

    Conceived as a natural history of Prada, Pradasphere is a collection of archival objects arranged to reveal the complex, often intertwined, references of Miuccia Prada, her atelier, and a tight-knit circle of collaborators. The singular Prada vision is manifest in everything from fashion and accessories to art, architecture, film, and culture. Pradasphere posits that there are core ideas engaging beauty, taste, embellishment, gender, vanity, and power, which are repeatedly reworked through those diverse channels. The Prada oeuvre represents both an aesthetic journey and a critique enacted through the products of fashion. But it is also an unabashed celebration of exquisite materiality and craftsmanship, a paean to the rare and the finely wrought, and a wholehearted endorsement of the stylistic iconoclast.

    The centrepiece of Pradasphere comprises six towering showcases dedicated to the central themes that have distinguished the work of Prada. The displays combine work from diverse collections to demonstrate the recurrent concepts present in the work. In addition, the exhibition includes: heritage items from the Prada archives; shoes and bags from the past collections organized by theme; examples of exquisite fabrics and materials; Prada history timeline; a screening room presenting short films; architectural projects; and a library of publications.

    Each of the sections follows a specific methodology and curatorial approach:

    ORIGINS includes authentic artifacts from the period that Mario Prada opened the first boutique in 1913 in Milan’s prestigious Galleria Vittorio Emanuele II shopping arcade. The casework follows the design of the elegant displays that Prada has preserved at the original site.

    TYPOLOGIES dominates the centre of the hall, with six freestanding dioramas each dedicated to a specific obsessions or fascination.

    Modernism: Classic, minimal composition.
    Figuration: The passion for prints.
    Continentalism: Homage to European history.
    Excessivity: Testing the limits of extravagance.
    Animality: Inspiration from the natural world.
    Femasculinity: The crossover of the sexes.

    EVOLUTION is a detailed Prada timeline divided into multiple trajectories on a long electronic screen. The timeline juxtaposes men’s and women’s collections, as well as accompanying advertising campaigns and fashion show spaces, with art projects, architectural projects, and other special Prada events. In addition, adjacent display cases house architectural models from frequent collaborators Rem Koolhaas/oma and Herzog & de Meuron, books, exhibition catalogues, and other ephemera.

    SPECIMENS brings together shoes and bags from diverse seasons and recombines them to illustrate essential qualities that run through all collections. Surrounding vitrines focus on the painstaking process of design and prototyping that goes into every product.

    CONSTRUCTION includes a floor-to-ceiling video display that organises many of Prada’s most iconic looks by colour. The moving images are all drawn from runway footage shot during the fashion shows. Large-scale table vitrines present the precious, exotic, delicate, handmade textiles and innovative materials that make up Prada’s most exclusive designs.
    OBSERVATION is a screening room with a program of some of Prada’s most ambitious film/video projects produced in collaboration with directors including Ridley Scott, Roman Polanski, and Wes Anderson.

    Curated by Prada creative director Fabio Zambernardi in collaboration with New York-based designer and writer Michael Rock and his studio 2×4, the exhibition attempts to reveal something of the Prada method. “Pradasphere is a depiction of a collective, often exuberant, wildly creative design process.” notes Rock. “It is a story told primarily through things because design is a way of making in the world. And these things are extraordinary, both in their sensuality and as the manifestation of critical issues engaged by design that deals with the body— especially the female body— in such a direct way.” Revolving around these diverse references and influences, heritage and history, the iconic and the idiosyncratic, Pradasphere portrays a disruptive approach to design, style, art, and culture that is unique in the world of fashion today.

    Pradasphere is free and open to the public from November 19, 2014 to December 5, 2014.

    To find out more about Pradasphere, go to www.prada.com and follow Prada on Facebook and @Prada #Pradasphere on Twitter and Instagram.

    For further information:
    Prada Press Office
    +39 02541921
    ufficio.stampa@prada.com

     

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  • 2014-11-03 A NEW ADDRESS FOR PRADA IN HAMBURG

    A NEW ADDRESS FOR PRADA IN HAMBURG

    Milan, November 3rd, 2014 – Prada, which opened its first store in Hamburg in 1998, relocates to 32 Neuer Wall, the city’s most prestigious shopping street.

    The space, designed by architect Roberto Baciocchi and characterised by large floor-to- ceiling windows at street level, is located in one of Hamburg’s historic buildings.
    With a total area of 320 square metres spread over two floors, the store houses women’s and men’s ready-to-wear, leather goods, accessories and footwear collections.

    The entrance, defined by Prada’s signature black-and-white marble chequered flooring, leads to a space with green fabric-clad walls that is dedicated to women’s leather goods, displayed in niches with polished steel profiles and crystal shelves.

    From here, the customer is lead to an area dedicated to women’s accessories, which is connected to a space displaying the men’s travel and accessories collections and defined by black marble-clad walls and palladium-framed counters with crystal shelves.

    The ample space on the ground floor houses the men’s ready-to-wear and footwear collections.
    This area – characterised by regular shapes and well-lit with natural light filtering through the floor-to-ceiling windows overlooking the Bleichenfleet canal – features slim ebony floorboards and walls together with palladium and crystal display cases and counters showcasing the products. Ostrich-leather sofas and pony skin carpeting in warm nuances define the atmosphere of the space.
    A private room is dedicated to the Made-to-Measure, to meet the needs of the most sophisticated male customers.

    An imposing black Marquina marble staircase leads to the upper floor, lit with natural light, where the women’s ready-to-wear and footwear collections are displayed.
    Green fabric-clad walls feature sleek perspex display stands dedicated to the women’s ready- to-wear collection, while footwear display is set in Prada’s iconic niches.

    Polished steel tables and “Clover Leaf” sofas, designed by Verner Panton and reproduced exclusively for Prada, complete the space.

    For further information:
    Prada Press Office
    Ph. +39.02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-10-20 PRADA OPENS IN LUGANO

    PRADA OPENS IN LUGANO

    Milan, October 20th, 2014 – Prada opens its first store in Lugano, in Via Nassa, one of the main shopping streets of the city, strengthening its presence on the Swiss market.
    The space, designed by architect Roberto Baciocchi, spreads over a total area of 860 square metres on three floors and houses the women’s and men’s ready-to-wear, leather, accessories and footwear collections.

    The striking façade, gives the feeling of a single glass window overlooking the street.
    Delicate strips of Marquina black marble frame the first and second floor windows, creating a design in harmony with the architecture of the historical building.

    The austere geometry of the exterior leads to an elegant interior dedicated to the bags, accessories, women’s footwear and travel collections.
    The space is defined by the iconic black and white chequered flooring - one of the defining features of Prada’s identity around the world– and by the green fabric-clad walls with display niches that enhance the products, an original reinterpretation of the historical Prada display niches.
    Green fabric-clad walls also characterize the footwear area, complemented by velvet sofas and crystal tables, which enhance the atmosphere.

    An imposing black marble staircase and a glass elevator lead to the upper floors.
    The first floor houses the men’s ready-to-wear collection, decorated with slim ebony floorboards, wood-clad walls, metal and crystal display cases and ostrich leather sofas; the bright tones of saffiano green and blue create the display ambience, while three ample windows overlooking the street light the space.

    An intimate area on the second floor is dedicated to the women’s ready-to-wear collection. The setting is characterized by perspex and steel tables with original geometrical lines and the “Clover Leaf” sofas, designed by Verner Panton and reproduced exclusively for Prada, while perspex panels display units, mirroring the rhythm of the windows, complement the space.

    For more information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-10-14 PRADA STRENGTHENS ITS PRESENCE IN SÃO PAULO

    PRADA STRENGTHENS ITS PRESENCE IN SÃO PAULO

    Milan, October 14th, 2014 – Prada strengthens its presence in São Paulo, Brazil, with a new space inside the prestigious Cidade Jardim mall.

    The new store, designed by architect Roberto Baciocchi, covers a total area of 415 square metres on a single level and houses the men’s and women’s ready-to-wear, bags, accessories and footwear collections.

    The façade, clad in black Marquina marble and framed by polished steel profiles, is characterised by a rigorous geometric composition, at the heart of which is the elegant main entrance flanked by curved windows.

    The interior comprises two large spaces displaying the women’s bags and accessories collections and the men’s travel and leather goods collections and featuring the signature black-and-white marble chequered flooring – a legacy of Prada’s historic identity – and black marble-clad walls. Furnishings with slim steel and crystal structures and display counters with coloured saffiano leather detailing complete the setting.

    The areas dedicated to the men’s and women’s collections are characterised by different settings and connected by common spaces.

    The area dedicated to women weaves through a succession of rooms defined by green fabric- clad walls with steel-framed display niches and plexiglass display stands that, together with the green velvet sofas and light geometric-shaped display counters, create an elegant atmosphere.

    The space dedicated to men wields masculine materials and finishes: ebony floorboards and walls, palladium metal display cases, rigorous display counters and light terracotta-coloured leather sofas.

    For further information:
    Prada Press Office
    Ph. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-10-08 PRADA SPA ANNOUNCES THE ACQUISITION OF FRENCH TANNERY "TANNERIE MEGISSERIE HERVY"

    PRADA SPA ANNOUNCES THE ACQUISITION OF FRENCH TANNERY TANNERIE MEGISSERIE HERVY

    Milan, October 8, 2014 - Prada SpA announces the acquisition of the historic tannery Tannerie Mégisserie Hervy, located in Isle, near Limoges. The acquisition was made as a joint venture with Santa Croce-based Conceria Superior SpA, a company that has been the Prada Group’s industrial partner for a long time.

    The new company’s name, controlled by Prada SpA, will be Tannerie Limoges SAS.

    The purpose of the acquisition is to ensure the re-launch of a production facility that represents excellence in the tradition of lambskin tanning, and “plongé nappa leather” in particular, with the aim of preserving valuable artisanal know-how.

    Employment of the qualified local workforce will be maintained; preservation and conservation works will be carried out on the architectural site of the company, which has operated in the industry for over seventy years.

    Patrizio Bertelli, Prada Group CEO, stated: “We are very proud of this acquisition. The tannery is a highly skilled manufacture with a precious know-how and long tradition. We are also grateful for the French Ministry of Economy and Finance for allowing us to carry out this acquisition”.

    For further information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-10-01 MIU MIU WOMENSWEAR SS15 FASHION SHOW

    On October 1st, 2014 Miu Miu unveils its Spring/Summer 2015 Women’s collection in Paris.

    The enduring architecture of Perret’s Palais d'Iena is confronted by the superimposition of a new structure. In parallel to the well-ordered composition of the Palais, AMO’s design aims to defy its cubic architecture by creating a field of arches, establishing newly framed views through the building.

    The linearity of this strategy is broken by an oval catwalk generating different relationships between the elements that compose the show.

  • 2014-09-22 MIU MIU OPENING IN HARBIN, CHINA

    MIU MIU OPENING IN HARBIN, CHINA

    September 22nd 2014 - Miu Miu continues its expansion in northern China opening its first store in the prestigious Charter Shopping Centre in the city of Harbin.

    Designed by the architect Roberto Baciocchi, the space occupies a single floor over an area of 220 square metres.

    A glass façade is backed by a pale gold perforated metal curtain and punctuated by large metal light boxes featuring the current Miu Miu print advertising campaign. An imposing black marble entrance invites visitors inside.

    The interior is divided into three distinct areas dedicated to ready-to-wear, leather goods and accessories and footwear respectively. These are reached via glittering mirrored passageways marking a change in ambiance.

    The iconic Miu Miu gold damask covers walls and lines display niches crafted in polished metal creating a juxtaposition between the traditional and the modern, the feminine and the more hard-edged. Metal-framed glass display counters are placed centrally in each room ensuring product is showcased in an elegant and eye-catching manner.

    A perforated metal ceiling stamped with the damask motif is playful and contemporary, contrasted with the classic grandeur of a black marble floor.

    Miu Miu Harbin Charter, Shop 1137, Charter Shopping Center, NO.106 An Long Street, Harbin Hei Longjiang Province 150016

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

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  • 2014-09-19 PRADA SPA APPROVES GROUP RESULTS TO 31 JULY 2014 THE GROUP CONFIRMS MEDIUM-TERM GROWTH STRATEGY

    PRADA SPA APPROVES GROUP RESULTS TO 31 JULY 2014
    THE GROUP CONFIRMS MEDIUM-TERM GROWTH STRATEGY

    Milan, 19 September 2014 – The Prada SpA Board of Directors today examined and approved the Consolidated Interim Report for the six months ended July 31, 2014.

    Despite the difficult political and macroeconomic environment and unfavorable forex trends throughout the period, the Prada Group continued to prioritize long-term growth objectives with investment aimed at increasing brand value. At the same time, it sought to reduce short-term pressure on margins with measures to contain costs across the Group.

    Consolidated net revenues

    Consolidated net revenues totaled € 1,751.3 million, a 1.3% increase (+4.5% at constant exchange rates) on the € 1,728.1 million reported for the first half of 2013.

    Wholesale channel

    The rationalization of the wholesale channel is close to completion and sales in that channel grew by 1.3% (+1.8% at constant exchange rates) to reach Euro 288.7 million.

    Retail channel by geographical area

    The retail channel, which currently represents more than 83% of consolidated sales, also recorded growth of 1.4% at current exchange rates and 5.1% at constant exchange rates. Even though they were penalized by unfavorable exchange rates, the 566 Directly Operated Stores (DOS) generated sales of Euro 1,442.2 million.

    The Asia Pacific area shows a 2.1% decrease at current exchange rates but overall growth of 2.1% at constant exchange rates. Performance remains weak in Korea, Hong Kong and Singapore while China has accelerated with 11.8% growth at constant exchange rates and other Asian markets have maintained healthy rates of growth.

    The Americas market shows some positive signs, sustained by both domestic consumption and a greater contribution from tourist spending. The Group’s retail channel recorded 8.2% growth at current exchange rates and 14.2% growth at constant exchange rates in this geographical area.

    Europe remains penalized by weaker tourist flow and by the negative general economic environment which has hit domestic consumption. Sales fell slightly at constant exchange rates.

    Sales on the Japanese market again grew strongly despite the expected slowdown in purchases after the VAT increase at the beginning of April: +9.8% at current exchange rates, +19.5% at constant exchange rates.

    The Middle East has done extremely well with growth in the first half of the year standing at +16.1% at current exchange rates and +21% at constant exchange rates.

    Retail channel by brand

    Prada, which represents around 83% of Group sales, achieved 4.6% revenue growth at constant exchange rates and 0.9% growth at current exchange rates. The Men’s segment performed particularly well, in line with Group strategy focused on achieving growth for men’s collections in all geographical areas.

    Miu Miu continued to grow with a +7.1% increase at constant exchange rates (+2.9% at current exchange rates). Except in Europe, the brand continues to record excellent rates of growth on all markets.

    Church’s also did well with +12.4% growth at constant exchange rates (+13.8% at current exchange rates), as did Car Shoe with +3.6% growth at constant exchange rates (+2.7% at current exchange rates).

    Retail channel by product category

    Clothing and footwear performed well with growth of 18.3% and 22.6%, respectively, at constant exchange rates (+13.9% and +18.8% at current exchange rates). Meanwhile, revenues from sales of leather goods decreased by 1.4% at constant exchange rates (- 4.9% at current exchange rates), mainly because of a decrease in tourist footfall in the main shopping destinations in Europe and Asia since their spending is more oriented towards this product category.

    Margins

    Margins for the period were conditioned by the unfavorable forex trends and by the broadly stable level of revenues which was insufficient to absorb the increase in costs due to retail network expansion: 75 new store openings in the last twelve months, including 41 Prada, 29 Miu Miu and 5 Church’s.

    EBITDA amounted to Euro 492.8 million, or 28.1% of consolidated net revenues.

    EBIT totaled Euro 373.2 million or 21.3% of consolidated net revenues.

    Net profit was Euro 244.8 million or 14% of consolidated net revenues.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa, commented: “Despite the current scenario is not showing signs of improvement and the difficult economic and geopolitical conditions are negatively influencing consumers attitude, we remain confident that the luxury goods market – especially the high-end segment where the Prada Group operates with success – will continue to offer interesting growth prospects in the medium-term. In recent years, we have been dedicated to the development of a balanced, global retail network, which has enabled us to establish a direct connection with our customer base and increased the value of our brands. The position now reached by the Group on the luxury goods market constitutes a solid base for medium-term growth of revenues and margins. We shall pursue such growth, paying ever greater attention to excellence, through a focused investment policy and the constant monitoring of costs.”

    For further information, please contact:

    Prada Press Office
    Tel. 02.541921
    e-mail: ufficio.stampa@prada.com

    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrance and mobile telephone sectors. Its products are sold in 70 countries worldwide through 566 directly operated stores (DOS) at July 31, 2014 and a select network of luxury department stores, independent retailers and franchise stores.

     

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  • 2014-09-18 PRADA WOMENSWEAR SS15 FASHION SHOW

    On September 18, 2014 Prada unveils its Spring/Summer 2015 Women’s collection in the Via Fogazzaro show space in Milan.

    Based on a concentric organization, the room develops around the central and irregular sand surface: a series of brown carpet covered steps runs along the perimeter, while a thin line of technical lights marks the perfectly white walls as a horizon.

    The combination between the irregular sand volumes and the geometry of the tribunes modifies constantly the relationship between the spectators and the fashion.

  • 2014-09-15 MIU MIU OPENING IN PARIS

    MIU MIU OPENING IN PARIS

    September 15th 2014 - Miu Miu expands its presence in the French capital opening a new corner in Le Bon Marché, the prestigious and historic department store founded in 1838 and established in its current premises of 24 rue de Sévres since 1869.

    The space, designed by architect Roberto Baciocchi, covers a total area of around 100 square metres, and is dedicated to bag and accessory collections.

    The femininity of Miu Miu is upheld via the presence of the brand’s iconic gold damask throughout: on walls, chairs and drapes that flank the gently curved entrance.

    This is offset by more sharp-edged details including steel framed, mirrored display counters and shelving and a ceiling made out of coated canvas with spot lighting set into panels lending brightness to the environment.

    An intimate and inviting atmosphere is enhanced by a soft, beige central carpet laid upon a signature elegant black marble floor.

    Miu Miu Le Bon Marché Bags & Accessories, Le Bon Marché Rive Gauche, 24 Rue de Sèvres, 75007 Paris

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

     

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  • 2014-09-10 PRADA OPENS A POP UP STORE AT CENTER PARK INSIDE ISETAN SHINJUKU

    PRADA OPENS A POP UP STORE AT CENTER PARK INSIDE ISETAN SHINJUKU

    Milan, September 10th, 2014 – Prada opens a new pop up store at Center Park, inside the prestigious Isetan Shinjuku department store in Tokyo, Japan.

    The new space, designed by architect Roberto Baciocchi, covers a total area of 70 square metres and is characterised by long, curved, green velvet-clad walls and by a black and army green chequered carpeting, that is a reinterpretation of the historic Prada Galleria Vittorio Emanuele II floor in Milan. Polished steel and crystal display counters as well as furnishings and soft green velvet sofas create an elegant atmosphere.

    The new pop up store – which will remain open for approximately six months – is dedicated to the women’s ready-to-wear, accessories and footwear collections and also offers a selection of limited edition bags and shoes as well as re-editions of clothes and accessories from Prada’s archives.

    For further information:
    Prada Press Office
    Ph. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-09-10 MIU MIU OPENING IN DUBAI, UNITED ARAB EMIRATES

    MIU MIU OPENING IN DUBAI, UNITED ARAB EMIRATES

    September 10th 2014 - Miu Miu expands its presence in Dubai opening its third store in that city in the prestigious Mall of the Emirates.

    The Mall of the Emirates opened in 2005. It is by now a major international retail and leisure destination. Home to the famous Ski Dubai, it is located at the heart of one of the fastest growing communities in Dubai. In 2010, The Fashion Dome, a spectacular new luxury extension was built introducing over 40 luxury brands to an already impressive selection. Today the Mall boasts a surface area of 233,470 square metres and a footfall of 36 million (in 2012).

    Designed by the architect Roberto Baciocchi the store is laid out over a single 230- square-metre level and offers ready-to-wear, leather goods and footwear.

    An imposing all-glass façade is backed by signature perforated metal curtain inviting visitors into the elegant interior which is divided into two distinct spaces.

    Walls are draped with iconic gold damask which also covers floor-to-ceiling panels used to differentiate between product areas.
    A mirrored polished steel and honeycomb Plexiglass ceiling radiates light ensuring the collections are displayed at their best in niches and on fine metal counters placed centrally in both rooms. Precious, black marble flooring evokes grandeur while velvet booths achieve an intimate touch.

    The instantly recognizable handwriting of the Miu Miu retail environment is upheld conveying a harmonious balance between the classic and the contemporary.

    Miu Miu Mall of the Emirates, Mall of the Emirates, Unit 203, First Floor, Sheikh Zayed Road

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

     

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  • 2014-09-02 PRADA OPENS A NEW CORNER AT LE BON MARCHÉ

    PRADA OPENS A NEW CORNER AT LE BON MARCHÉ

    Milan, September 2nd, 2014 – Prada opens a new corner inside the prestigious Le Bon Marché department store in Paris.

    The new space, designed by architect Roberto Baciocchi, covers a total area of 90 square metres on the ground floor, dedicated to the men’s ready-to-wear, leather goods, accessories, eyewear collections and a selection of footwear.

    The exterior façade is characterised by a unique geometric interplay of entrances embellished with Saint Laurent marble profiles.

    The interiors flaunt materials that convey a masculine flair. The thin marble floorboard, ebony-clad walls and palladium metal display cases create an elegant atmosphere that recalls a sophisticated atelier.

    Lush carpets, green ostrich leather sofas, palladium and crystal display counters with coloured Saffiano leather detailing complete the setting, enhanced by low, suffused lights.

    For further information:
    Prada Press Office
    Ph. +39.02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-08-29 PRADA BOOSTS ITS PRESENCE IN TAIWAN

    PRADA BOOSTS ITS PRESENCE IN TAIWAN

    Milan, August 29th, 2014 - Prada has boosted its presence in Taichung, Taiwan, with a new space in the prestigious SKM mall.

    Designed by architect Roberto Baciocchi, the store occupies a total area of 520 square metres over two floors and presents the women's and men's ready-to-wear, leather goods, accessories, and footwear collections.

    The striking external façade, which pays tribute to artist Carlos Cruz-Diez, features a series of full-length, backlit golden aluminium and polished-steel blades which create an evocative illusion of perceived movement.
    The storefronts inside the mall are clad in black marble with polished-steel details framing the two entrances, the window displays and the light boxes.

    The ground floor, dedicated to men's and women's bags, accessories and luggage, is defined by the design elements that characterise Prada’s brand identity worldwide: the black and white-chequered marble floor, crystal and polished-steel fitments, and mirror-polished marble and green fabric walls.

    The second entrance and an elegant black Marquina marble staircase - with green fabric- clad walls and ceiling - lead up to the first floor where men's and women's ready-to-wear and footwear collections are showcased alongside additional bags and accessories.

    The women's area has an intimate, sophisticated feel, with green fabric-clad walls, perspex shelves and clear skylights. Shoes are presented in signature Prada display niches while polished-steel tables and green velvet chairs complement the interior design.

    The area dedicated to the men's collection has ebony floors and walls, and light cotto leather seats. Elegant polished-steel and crystal display counters add to the sleek and sophisticated feel.

    TRIBUTE BY PRADA TO THE ARTISTIC WORK OF CARLOS CRUZ-DIEZ

    Prada wishes to express its admiration of the French-Venezuelan artist Carlos Cruz-Diez, one of the leaders of the kinetic art movement, an innovative form of dynamic expression with strong visual impact. Having always greatly appreciated Carlo Cruz-Diez and his contribution to this artistic genre, Prada intends paying public homage to his work of art which was the starting point in the development of the Prada boutique façade in Taichung SKM 1F, N° 111 Taichung Kang Road, sec.2, Taichung, Taiwan.

    For further information:
    Prada Press Office
    Tel. +39 02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-08-28 A TEMPORARY PRADA MEN’S STORE IN VENICE

    A TEMPORARY PRADA MEN’S STORE IN VENICE

    Milan, August 28th, 2014 – Prada inaugurates a temporary store – entirely dedicated to the men’s collections – in Venice on the Calle Larga XXII Marzo. The store, located inside an elegant Venetian palazzo with exquisitely decorated ceilings, will be open to the public for nine months.

    The project, curated by architect Roberto Baciocchi, covers a total area of 90 square metres and showcases the men’s ready-to-wear, bag, accessories and footwear collections.

    The façade includes a significant central entrance flanked by two large windows.

    The interior, visually connected to the city, is composed of two spaces paved with black and white marble chequered flooring - one of the defining features of Prada’s identity around the world – and green fabric-clad walls.

    The main entrance then leads further into an intimate area dedicated to ready-to-wear and decorated along the same themes.
    Lightweight polished aluminium display units, counters with saffiano coloured detailing, and ostrich leather sofas define the space exalting the contrast between the metal lighting beams and the precious ceiling decoration.

    For more information:
    Prada Press Office
    Tel. +39 02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-08-06 PRELIMINARY SALES FIGURES FIRST HALF OF FINANCIAL YEAR 2014

    PRELIMINARY SALES FIGURES FIRST HALF OF FINANCIAL YEAR 2014

    Milan, August 6th, 2014

    The consolidated net revenues of the Prada Group for the six months ended July 31, 2014 amount to Euro 1,750 million, a slight increase compared to the same period in 2013, +1% .

    Performance in the six month period was conditioned by unfavorable exchange rate trends: at constant exchange rates, revenues grew by 4%.

    Wholesale channel

    Wholesale channel sales recovered in the second quarter and recorded an overall increase of 1%, +2% at constant exchange rates, to stand at Euro 288 million.

    Retail channel by geographical area

    In a market environment characterized by a general fall in consumption also the retail channel, representing more than 83% of total sales, has held up well, recording revenues of Euro 1,442 million with a 1% increase compared to the first half of 2013; at constant exchange rates, the 566 directly operated stores achieved revenue growth of 5%.

    The trend differed somewhat from one geographical area to another:

    - the Asia Pacific markets recorded overall revenue growth of 2% at constant exchange rates (2% decrease at current exchange rates) with performance remaining weak in Korea, Hong Kong and Singapore, while China accelerated in second quarter, achieving 12% growth at constant exchange rates, and the other Asian markets managed steady rates of growth;

    - the positive trend in the Americas continues. The retail channel recorded 14% growth at constant exchange rates (+8% at current exchange rates) and was sustained by both domestic consumptions and a greater contribution from tourist spending;

    - revenues have fallen slightly compared to the first half of 2013 in Europe, -1% both at constant and current exchange rates, with the market again penalized primarily by a fall in the volume of tourism and by the negative general economic environment which has hit domestic consumption;

    - Japan again achieved another positive growth despite the expected slowdown in purchases after the VAT increase at the beginning of April: +19% at constant exchange rates and +10% at current exchange rates;

    - the revenue trend in the Middle East was excellent with strong growth in the first half of the year of 21% at constant exchange rates and +16% at current exchange rates.

    Retail channel by brand

    Prada brand revenues increased by 5% at constant exchange rates while, at current exchange rates, there was growth of 1%.

    The development for the Miu Miu brand continues: +7% at constant exchange rates and +3% at current exchange rates. Except in Europe, the brand continues to achieve high rates of growth on all markets.

    Church’s, +12% at constant exchange rates and +14% at current exchange rates, and Car Shoe, +3% at constant exchange rates and +2% at current exchange rates, also enjoyed positive revenue trends.

    Retail channel by product category

    Clothing and footwear performed extremely well with growth of 18% and 23%, respectively, at constant exchange rates (+14% and +19% at current exchange rates). Meanwhile, revenues from sales of leather goods decreased by 1% at constant exchange rates (-5% at current exchange rates) because of the fall in the number of tourists whose spending is more oriented towards this product category. The Men’s segment again enjoyed double digit growth, in line with Group strategy which aims to develop sales of men’s collections in all geographical areas.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa, commented: “In the first six months of the 2014, the Group has operated in a more difficult political and macroeconomic environment than expected with unfavorable exchange rates and a general fall in consumption. Against this background, we have continued to focus our efforts on medium/long-term growth: our industrial, marketing and retail investments to sustain the quality of our products and our relationships with clients will continue to bear fruit, supporting the growth of the Group on all markets. In the coming months, our priority commitment shall be towards monitoring market trends and performance without, however, interrupting the implementation of our plans for growth. At the same time, we will implement a rigorous cost control program with the aim of protecting margins. Upon approval of the results for the first half of 2014, the Board of Directors shall – in light of the results achieved in the first half of the year and with a clearer view of the outlook for the months ahead – update its guidance for the year as a whole.

    Full results for the first half of financial year 2014 will be announced upon approval by the Board of Directors at a meeting provisionally scheduled for September 19, 2014.

    For further information please contact:
    Prada Press Office
    Tel. +39 02.541921
    e-mail: ufficio.stampa@prada.com

    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrance and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 566 directly operated stores (DOS) at July 31, 2014 and a select network of luxury department stores, independent retailers and franchise stores.

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  • 2014-08-01 CHURCH'S OPENS IN SINGAPORE

    CHURCH'S OPENS IN SINGAPORE

    Church's opens a new store in Singapore, in the prestigious Marina Bay Sands mall, thus further consolidating the brand's presence in the Asian market.

    This location, designed by Architect Roberto Baciocchi, is characterized by its store front featuring windows and light boxes framed in oak wood panels, embellished by backlit nickel silver logos.

    The wide entrance, with its black Saint Laurent marble floor, and the bright skylight, connect the outside space to the store's inside, which features oak wood furniture alternating with mirrors.

    Salons with green leather seats, and wood and crystal counters enhancing the collections' display, complete the store's setup.

    Church’s - established in 1873 in Northampton (UK) - has ever since been a world leader in manufacturing and distributing men's and women's top-quality footwear. In 1999 it became a part of the PRADA Group, that now owns 100% of its capital.

    For information:
    Flavio Cerbone
    Church’s Press Office
    T +39 02 541921

    pressoffice.church@prada.com
    www.church-footwear.com

     

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  • 2014-07-31 PRADA OPENS A NEW STORE AT TYSONS GALLERIA

    PRADA OPENS A NEW STORE AT TYSONS GALLERIA

    Milan, 31 July 2014 – Prada opens its first store at the prestigious Tysons Galleria, in the Washington, D.C. metropolitan area.

    Designed by architect Roberto Baciocchi, the 320 square-metre store extends over one floor and presents women’s and men’s bags, accessories, leather goods, shoes and ready-to-wear collections.

    The external façade, entirely clad in black Marquinia marble and framed with precious polished steel finishes, features a regular geometry and hosts the main entrance, with windows on both sides.

    Inside the store, a large area displaying bags, women’s accessories and travel accessories, features the signature black and white-chequered marble floor that has become a tradition for the brand the world over, black marble-clad walls and polished steel and crystal glass units and display counters. From here, the visitor is lead to the areas dedicated to women’s and men’s ready-to-wear and shoes, characterized by different settings and connected by common spaces.

    The women’s collection is displayed in a room with green fabric-clad walls, featuring the signature Prada display niches with polished steel frames and fair-coloured carpeting on the floor. Displays with light perspex shelves, rounded crystal glass display counters and green velvet sofas, create a feminine and elegant setting.

    The area dedicated to the men’s collections features a more masculine architecture, with ebony floors and walls, palladium-plated display units, sharp display counters and green ostrich-leather sofas. A chromatic contrast enhances the entire area.

    For further information:
    Prada Press Office
    Tel. +39 02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-07-31 FIRST PRADA STORE IN AMSTERDAM

    FIRST PRADA STORE IN AMSTERDAM

    Milan, July 31st, 2014 – Prada opens its first store in Amsterdam, on the renowned PC Hooftstraat.

    The new location, designed by architect Roberto Baciocchi, covers a total area of 550 square metres spread over two floors and offers the brand’s collections of leather goods, men’s and women’s accessories, women’s footwear and ready-to-wear.

    The store is prestigiously located on the corner with Honthorststraat. The main entrance and a series of windows skillfully framing the historic building and flanked by black marble pillars set the rhythm of the exterior façade, offering a glimpse of the inside and blending the boutique into the urban landscape.

    The main entrance leads to an area where leather goods and women’s accessories are showcased in unique display niches, on floating steel-framed crystal cases, or nestled in black marble and mirror alcoves.
    From here, the visitor passes into a glass room dedicated to the travel accessories collections. The black and white marble chequered floor, green fabric-clad walls and the display counters’ bright and lively hues create an exclusive atmosphere, specially designed for each product.

    The footwear space features a unique reinterpretation of Prada’s iconic display niche: a polished steel and crystal unit is inserted into an alcove cut into the wall draping.
    Vivid green velvet “Clover Leaf” sofas, designed by Verner Panton and reproduced exclusively for Prada, complete the setting.

    Original table arrangements displaying footwear lend a sinuous note to the interiors.

    The first floor, housing the ready-to-wear collections, has green fabric-clad walls, recalling a modern atelier, while Perspex display cases, transparent tables and green velvet sofas create an intimate, elegant feel.

    The last room, a small private area whose walls and ceiling are entirely wrapped in green velvet, is dedicated to Prada’s most special guests.

    For further information:
    Prada Press Office
    Tel: +39 02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-07-28 MIU MIU OPENING IN CHIBA, JAPAN

    MIU MIU OPENING IN CHIBA, JAPAN

    July 28th 2014 - Miu Miu expands its presence in Japan, opening in the Chiba Prefecture for the first time in the prestigious Sogo department store.

    Occupying some of the world’s prime retail locations in the most renowned cities, Miu Miu opened its first store in Japan in Tokyo Aoyama in 2007. That country has, of course, long been highly relevant to the luxury goods market. The Chiba Prefecture in particular is a significant industrial and commercial centre and home to some of Japan’s most wealthy inhabitants.

    Designed by the architect Roberto Baciocchi, and extending over a single 130-square- metre floor, this new space is dedicated to collections of ready-to-wear, leather goods and footwear.

    Miu Miu’s contemporary spirit is immediately evoked by a façade made entirely out of glass backed by a perforated metal screen. Light-boxes framed with polished steel contain images from Miu Miu’s current print advertising campaign. Two corner entrances, flanked by more steel, are reached via a precious black marble floor.

    Inside the space is divided into two distinct areas, clad in iconic gold damask punctuated by floor-to-ceiling mirrors. Metal and mirrored Plexiglass display niches and elegant fine metal and glass counters ensure product is showcased at its glittering best. An intimate and sophisticated mood is rounded off by soft velvet armchairs and carpeting.

    The contrast between the classical and the modern, the playful and the luxurious and the sharp-edged and the ultra-feminine that the Miu Miu name upholds is expressed throughout.

    Miu Miu Sogo Chiba, 4F, 1000 Shinmachi, Chuo-ku, Chiba 260-8557, Japan

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

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  • 2014-07-07 MIU MIU OPENING IN SAINT TROPEZ

    MIU MIU OPENING IN SAINT TROPEZ

    July 7th 2014 - Miu Miu opens in the beautiful seaside town of Saint Tropez on the French Riviera. Located on Rue François Sibilli, Saint Tropez’s principle luxury shopping thoroughfare, the store’s pale terracotta plaster façade and original large, rounded white wooden window frames have been impeccably restored reflecting the femininity and sophistication of the interior while achieving perfect harmony with the historic surroundings. The entrance - a brushed steel door with brass studs - immediately, though discreetly, reflects Miu Miu’s signature style.

    Inside, the intimate interior, designed by the architect Roberto Baciocchi, offers ready-to-wear, bags and footwear collections. Iconic gold damask and full-length mirrors dominate and the environment is sinuous and soft throughout. Further enhancing the authenticity of the ambience is a ceiling featuring architectural beams clad in white, painted canvas. Small, bright spotlights are positioned between each of these highlighting product which is also showcased on precious brass display counters and shelves covered in more damask.

    Captured by artists Paul Signac and Henri Matisse and a summer retreat for writers Simone de Beauvoir and Jean-Paul Sartre and Scott and Zelda Fitzgerald, the French Riviera, and Saint Tropez in particular, has long been home to the most sartorially evolved holidaymakers. The town was adopted by the emerging jet set in 1956 when long-time resident Brigitte Bardot filmed And God Created Woman there. It remains the Mediterranean destination of choice of the affluent and famous to this day.

    Miu Miu Saint Tropez, 3 rue François Sibilli, 83990 Saint Tropez

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

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  • 2014-07-05 MIU MIU 2014-2015 CROISIÈRE COLLECTION

    MIU MIU 2014-2015 CROISIÈRE COLLECTION

    Saturday, July 5th , Miu Miu took center stage with an exclusive event held at the Palais d’Iena with the attendance of important personalities from the world of cinema, art and fashion.

    The guests were welcomed by the voice of young English singer/songwriter Josephine Oniyama, followed by a presentation of the Miu Miu 2014-2015 Croisière Collection.

    The evening continued with a dinner and ended with a spectacular performance by internationally acclaimed US artist Jack White.

  • 2014-07-02 A NEW IMAGE FOR PRADA IN MUNICH

    A NEW IMAGE FOR PRADA IN MUNICH

    Milano, Italy, 2 July 2014 - Prada opens its refurbished and extended Residenzstrasse store in Munich, Germany, with an all-new architecture and image.

    The new concept, designed by architect Roberto Baciocchi, resulted from the evolution of various themes that Prada has recently explored reinterpreting the brand's signature architecture in tune with the history of the building.

    The 950 square-metre space extends over three floors, connected by a crystal lift, and offers women's and men's ready-to-wear, leather goods, accessories and footwear collections.

    The new double entrance set in the middle of the façade, enhances the cadence of the window displays, visually connecting the store to the city.

    The ground floor is characterised by an impressive black Marquina marble staircase - the focal point of this floor - all wrapped in a crystal and steel backdrop that also serves as a display. Two dedicated areas spread out on each side, one for leather goods and the other for women's footwear. The first one features polished steel display cases with black marble drawers, coloured display counters and green velvet ottomans. The ‘classic’ Prada display niches, round steel and crystal tables and plush green velvet sofas are the hallmarks of the footwear area.

    The first floor, dedicated to the men's collections, is characterised by ebony walls and floor.
    A sequence of black Marquina marble portals separates each area, the rhythm of which is set by the black steel-framed windows. The bright colours of the saffiano-leather display elements define the counters, reappearing in fine ostrich leather in the seats and sofas. The last room is reserved for the Made to Measure service.

    The second floor is dedicated to women's collections where a series of black marble portals delineate each environment. The intimate feel created by the green-fabric clad walls and soft Clover Leaf sofas - designed by Verner Panton and reproduced exclusively for Prada - contrasts with the geometrical display units, tables and perspex skylights.

    The last room, overlooking Max Joseph Platz, is dedicated to welcome Prada's most special guests.

    For further information:
    Prada Press Office
    Tel. +39 02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-06-26 PRADA OPENS IN TURIN

    PRADA OPENS IN TURIN

    Milan, 26 June 2014 - Prada has opened its first store in Turin, housed in a prestigious historic palace on the corner of Piazza San Carlo and Via Lagrange.

    The new space, conceived by Italian architect Roberto Baciocchi, revisits the brand's signature architecture and adapts it to the unique features of the building.

    On a 1200-square metre surface extending over two floors, it presents men's and women's ready-to-wear collections, leather goods, accessories and shoes.

    The shop façade stretches along Via Lagrange with three street-front window displays on either side of the entrance and fourteen windows on the first floor, giving a glimpse into the interiors; along the porticoes of Piazza San Carlo, two large window displays frame the second entrance.

    Inside the store, a series of intricate, striking spaces have been created around the original architecture. The entrance from Via Lagrange brings the client into a gallery presenting bags, accessories and women's shoes. The floor is black and white-chequered marble, one of the defining features of Prada's identity around the world, and the walls are clad in green fabric. Catching the eye is the sophisticated new interpretation of the Prada display niches which have been carved into the green tent framing the products displayed.

    This area adjoins an intimate room presenting women's shoes, dominated by one wall lined with mirrors and a rich lounge in the middle.

    In a wide open space in the centre of the store you come to the glass elevator and visually- impressive, black marble staircase leading up to the first floor, where the women's and men's ready-to-wear collections are presented. From here, you are drawn into a room with three large glass archways that reach up to the first floor and overlook the inner courtyard; sleek, crystal display shelves with a polished-steel trim showcase women's bags and accessories.

    The men's area is also present on the ground floor, with the Piazza San Carlo entrance opening onto the men's leather goods, accessories and ready-to-wear collections.
    The slim, St. Laurent marble strip flooring and ebony-clad walls give the room a masculine feel.

    A marble staircase leads up to men's shoes and ready-to-wear on the first floor, where the ebony floors and walls and coloured sofas give the area a strong attitude and character.

    The rhythm on the first floor is set by the windows and vaulted ceilings: feather-light metal and crystal structures display the men's ready-to-wear, while the display counters have been given a bright blue Saffiano leather touch. Ostrich leather sofas and seats in the same colours complement the interior design.

    Women's ready-to-wear is presented in a series of intimate rooms overlooking Via Lagrange; light filtering through slim skylights in the ceiling reflects seductively on the green fabric-clad walls and perspex display shelves. Adding to the sophisticated feel are originally-shaped, perspex-and-steel display tables and the green velvet seats.

    For further information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-06-17 PRADA MENSWEAR FALL/WINTER 2014 CAMPAIGN

    PRADA MENSWEAR FALL/WINTER 2014 CAMPAIGN

    Annie Leibovitz photographs Golden Globe nominated James McAvoy for the Prada menswear fall/winter campaign.

    A leading man of cinema and style, McAvoy has been celebrated for his outstanding performances in The Last King of Scotland, Atonement and Filth, as well as the star-studded X-Men franchise. In him Leibovitz finds a charismatic and unpredictable conspirator, an introspective hero who brings an effortless intimacy and individuality to the menswear collection.

    The conversation between Prada and architecture is constant.
    The show space in January was designed as an experimental and informal stage for performance. As if in a theatre characters, set, music and costume came together to form an experience – open to the interpretation of the audience provocatively placed around, above and within the show space. From the orchestra pit concert group L’Usignolo performed music from Pina Bausch shows and the songs of Kurt Weill.

    Here McAvoy’s theatre is formed of concrete and stone, the austere landscape shot in black and grey, an homage to the German avant-garde. Concrete staircases, stone paving and a rocky coast swept by a grey sea bring a certainty and magnitude to the atmosphere of the photographs. Against this backdrop Leibovitz and McAvoy interpret the Prada man a play of multiple acts.

    Defiant tailoring, winter coats, utilitarian jackets and shirts with contrasting collars balance the personal and the stylized. A slim, sleek silhouette inspired by uniforms, especially those of military bands, brings an eccentric elegance.

    Gabardine, silk twill, mohair-silk blend and crepe de chine textures contrast the austere surroundings.
    The dramatic effect is an experimental narrative of bold and exceptional individuality.

    Watch the behind the scenes video on prada.com soon.

    For further information:
    Prada Press Office
    +39.02.541921
    ufficio.stampa@prada.com

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  • 2014-06-12 MIU MIU OPENING IN HONG KONG INTERNATIONAL AIRPORT

    MIU MIU OPENING IN HONG KONG INTERNATIONAL AIRPORT

    June 12th 2014 - Miu Miu opens a new store in Hong Kong International Airport, its ninth in the city state which is an important market for the house.

    The space, designed by architect Roberto Baciocchi, is dedicated to collections of handbags, accessories and footwear.

    Immediately inviting onlookers into the Miu Miu universe, an all-glass façade backed by a perforated metal curtain expresses the innovative aesthetic associated with the brand. A single large light box showcasing Miu Miu’s current print advertising campaign and a precious black marble entrance framed with gleaming metal draws visitors into the store.

    Inside, the space is divided into two distinct areas. Signature gold damask and floor- to-ceiling mirrors cover the walls. Such classical elements are in direct contrast to contemporary polished steel display niches backed with honeycomb plexiglass.

    Steel framed tables and counters are quintessentially elegant enhancing the product on show. Plump velvet seating and soft carpeting lend a final luxurious touch and a certain intimacy is thereby also ensured. A black granite floor adds grandeur.

    In 2013, Hong Kong International Airport welcomed a record-breaking 59.9 million passengers which represents an annual growth of 6.1 per cent and makes it among the busiest airports in the world.

    Miu Miu CLK Airport, Unit No. 6E111, Level 6, Departure East Hall, Hong Kong International Airport, Chek Lap Kok, Hong Kong

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

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  • 2014-06-06 PRADA OPENS A NEW STORE IN SHANGHAI

    PRADA OPENS A NEW STORE IN SHANGHAI

    Milano, Italy, 6 June 2014 - Prada has opened its fifth store in Shanghai, this time in the premier "L'Avenue" mall in the city's Changning district.

    Designed by Italian architect Roberto Baciocchi, the 1000 square-metres-space presents Prada's men and women's leather goods, accessories, footwear and ready-to-wear collections.

    The store façade decorates a full corner of the mall's interior architecture, presenting a curved surface of tightly-packed, crystal-faceted louvers through which the interior of both floors of the store can be glimpsed. The ground floor is dedicated to the women's collections, and the below-ground level to the men's, while an elegant black Marquina marble staircase connects one to the other.

    The gallery displays women's leather goods, and the tone is set by the signature features of Prada's worldwide identity: black and white marble floor, green-fabric clad walls and polished steel display units with Marquina marble drawers. The adjoining space is defined by black marble walls with display niches presenting accessories, and crystal display counters with coloured saffiano leather drawers.

    In the footwear area, crystal and polished steel display niches trace the rise and fall of the green fabric-clad walls. Green velvet Clover Leaf sofas, designed by Verner Panton and reproduced exclusively for Prada, complete the interior design.

    The women's ready-to-wear collection is presented in an area fitted with transparent display shelves, light-coloured carpeting, crystal tables and velvet seats. The effect created by the striking façade, the louvers of which brush the store front very lightly, forms an unusual visual connection with the city.

    The lower floor is dedicated to men's collections. The tone is set, in the leather goods area, by the Saint Laurent marble floor and the orange encaustic-treated walls, which alternate with mirrored surfaces and display niches made with striped metal panels.

    The seating areas in the footwear display section are embellished by pony skin rugs and rust-coloured, ostrich leather sofas while the formal ready-to-wear is presented in a more intimate environment.

    The palladium-plated metal wall units and crystal display counters feature coloured, saffiano leather drawers.

    For further information:
    Prada Press office
    Tel. +39 02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-06-05 PRADA SPA APPROVES GROUP RESULTS FOR QUARTER ENDED APRIL 30, 2014

    PRADA SPA APPROVES GROUP RESULTS
    FOR QUARTER ENDED APRIL 30, 2014

    A QUARTER OF CONSOLIDATION IN THE GROUP’S GROWTH PROCESS

    Milan, June 5, 2014 – The Prada spa Board of Directors today reviewed and approved the consolidated results for the quarter ended April 30, 2014.

    Analysis of revenues

    Consolidated net revenues amounted to Euro 777.7 million, down by 0.6% (+3.8% at constant exchange rates) on the Euro 782.3 million reported for 1Q13; the decrease was entirely attributable to the wholesale channel.

    Wholesale channel

    The strategy of rationalization adopted in the wholesale channel will be completed in 2014 and has led to a 24.7% fall in wholesale sales (-23.9% at constant exchange rates). This decrease was in line with expectations, regarded all product categories and affected the Miu Miu brand to the greatest extent.

    Retail channel by geographical area

    In contrast, the retail channel has continued to expand and, despite unfavorable foreign exchange trends, the 551 directly operated stores generated sales of Euro 697.8 million, up by 2.8% on the first quarter of 2013; +7.7% at constant exchange rates.

    The Asia Pacific area recorded a 3.9% increase at constant exchange rates (-1.2% at current exchange rates). The performance of this area was affected by a slowdown in Korea, Hong Kong and Singapore while China, Macau and other Asian markets continue to show healthy rates of growth.

    The strong performance in the Americas must be highlighted. In spite of bad weather conditions, the retail channel in that area achieved 16.5% growth at constant exchange rates (+9.5% at current exchange rates).

    Sales in Europe remained broadly in line with 1Q13 with 1.1% increase at constant exchange rates (+0.2% at current exchange rates). Performance was affected mainly by a slump in the tourist footfall because of the further strengthening in Euro and geopolitical problems in Russia.

    Japan continues to perform extremely well and constant exchange rate growth stood at +30.5%. Notwithstanding the weakening of the Yen, Euro growth remained in double digits at +17.1% at current exchange rates.

    Retail channel by brand

    The Prada brand achieved 7.8% sales growth at constant exchange rates (+2.8% at current exchange rates) with excellent performances in Japan and in the Americas. We must highlight the excellent results achieved by all categories of Men’s products, in line with Group strategy which aims to develop Men’s collections in all geographical areas.

    The retail performance of the Miu Miu brand was also positive, +7.3% at constant exchange rates (+1.9% at current exchange rates), with growth achieved in all geographical areas (except Italy) and double digit growth in all important markets like Asia Pacific, the Americas, Japan and the Middle East.

    Church’s also achieved double digit sales growth of +13% at constant exchange rates (+13.5% at current exchange rates) while Car Shoe sales decreased.

    Retail channel by product category

    For some months now, Group strategy has favored more selective growth and a more balanced product portfolio. This has involved giving renewed impulse to innovation in all the collections: apparel, footwear and leather goods.

    As a result of these measures, apparel and footwear have achieved 19.4% and 20.9% growth, respectively, at constant exchange rates (+14.1% and +16.2% at current exchange rates) while sales of leather goods, which in the last two years have grown by 64% (from Euro 1.426 million in 2011 to Euro 2.333 million in 2013), are broadly in line with 1Q13, +2.2% at constant exchange rates (-2.6% at current exchange rates).

    Profitability

    Revenue stability and unfavorable foreign exchange trends have had a temporary impact on profit margins in 1Q14:

    EBITDA amounted to Euro 213.9 million, or 27.5% of consolidated net revenues.

    EBIT stood at Euro 156.3 million, or 20.1% of consolidated net revenues.

    Net profit was Euro 105.3 million, or 13.6% of consolidated net revenues.

    Thanks to cash flows generated during the quarter, the net financial position improved by Euro 53 million to stand at a positive Euro 349 million, after capex for the quarter of Euro 117 million.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa, commended: “When presenting our results for 2013, we stated that our objective for 2014 would be to consolidate the position of the Prada Group at the top of the luxury goods segment with industrial, marketing and retail investments, primarily aimed at reinforcing business know-how, the quality of our products and relations with our customers. We do not believe that the current difficult macroeconomic environment, made all the more complex by unfavorable foreign exchange trends, will impact the plans for corporate growth presented to the market as these plans are geared towards the Group’s expansion in the medium/long-term. The trend of solid growth maintained in the retail channel confirms that we have made the right strategic decisions and encourages us to continue along our current path."

    For more information contact:

    Prada Press Office
    Tel. 02.541921
    e-mail: ufficio.stampa@prada.com

    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 551 directly operated stores (DOS) at April 30, 2014 and a select network of luxury department stores, independent retailers and franchise stores.

     

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  • 2014-06-03 PRADA OPENS A NEW STORE IN THAILAND, IN BANGKOK'S CENTRAL EMBASSY MALL

    PRADA OPENS A NEW STORE IN THAILAND, IN BANGKOK'S CENTRAL EMBASSY MALL

    Milano, Italy, 3rd June 2014 - Prada has opened its fourth store in Bangkok, in the Thai city's prestigious Central Embassy mall.

    Designed by Italian architect Roberto Baciocchi, the 560 square-metre extends over two floors and presents women's and men's ready-to-wear, leather goods, accessories and footwear collections.

    The visually striking façade is a tribute to artist Carlos Cruz Diez, standing 11 metres tall and stretching for 33 metres along Ploenchit Road, one of Bangkok's main arteries.
    A structure of backlit aluminium blades, with both gold and steel finishes, producing an unusual visual effect both during the day and at night, juts out over the black marble base containing a series of large light boxes.

    The main entrance on the ground floor leads customers into the women's collections.
    The gallery, showcasing the accessory and bag collections, features the signature black and white-chequered marble floor and display cases finished with a slim, polished-steel trim, inserted into black marble niches lined with green fabric.

    The tone in the next area is defined by the black marble walls into which large display holes have been carved to spotlight bags and small accessories.

    A soft, green fabric wraps the walls in the third area. Sleek display niches and clear perspex shelves accentuate the women's ready-to-wear and shoe collections. The beige carpeting, green velvet sofas and crystal tables give the space a chic, feminine feel which is echoed in the special area for Prada's most exigent clients.

    A black Marquina marble staircase leads customers up to the first floor, where the men's ready-to-wear, leather goods, accessories and footwear collections are presented.
    The ebony flooring and walls, and the light cotto leather sofas set a very masculine tone, with palladium-plated metal fixtures and display counters with coloured, saffiano leather drawers complementing the interior design.

    TRIBUTE BY PRADA TO THE ARTISTIC WORK OF CARLOS CRUZ-DIEZ
    Prada wishes to express its admiration for French-Venezuelan artist Carlos Cruz-Diez, one of the leaders of the kinetic art movement, an innovative form of dynamic expression with strong visual impact. Having always greatly appreciated Carlos Cruz-Diez and his contribution to this artistic genre, Prada intends paying public homage to his work of art which was the starting point in the development of the Prada Bangkok Central Embassy boutique façade at G-10 & L1-17 Level G & 1, Central Embassy, 22 Soi Somkid Ploenchit Road, Pathumwan, Bangkok 10330, Thailand.

    For further information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-06-03 MIU MIU OPENING IN BANGKOK

    MIU MIU OPENING IN BANGKOK

    June 3rd 2014 - Miu Miu opens in Bangkok, in the new and prestigious Central Embassy mall. The store is laid out over a single level and dedicated to women’s ready-to-wear, handbags, accessories and footwear collections.

    A glass façade is inlaid with light boxes framed in brushed steel. Behind it a perforated metal curtain creates a languid and elegant ambience and allows diffused light to softly filter through.

    Inside, the space is divided into two distinct areas. Walls are clad in iconic gold damask and floor-to-ceiling mirrors. Honeycomb and polished steel display niches showcase product creating a uniquely sparkling backdrop and artfully directing viewers’ focus to the pieces contained therein.

    Such hyper-feminine materials are juxtaposed with the grandeur of a black Palladiana marble floor. Compact and geometrically conceived booths upholstered in olive mohair velvet complete this glittering and intimately space designed by architect Roberto Baciocchi.

    Miu Miu Bangkok Central Embassy, Unit G-13, Ground Floor, 1031 Central Embassy, Ploenchit Road, Lumpini, Pathumwan, 103330 Bangkok

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

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  • 2014-05-22 MIU MIU OPENS IN PARIS

    MIU MIU OPENS IN PARIS

    May 21st 2014 - A temporary Miu Miu store comes to life in place Beauvau, at the heart of the French fashion capital of Paris, home to the house’s biannual main line women’s wear shows since 2006.

    The project, designed by architect Roberto Baciocchi, is laid out over two levels, has a total area of 590-square-metres, and is dedicated to collections of women's apparel, handbags, accessories and footwear. The space will be open for twelve months approximately.

    The vitality of the city penetrates a façade dominated by metal-framed windows, creating a continuous relationship between indoor and outdoor space.

    Inside, the ground floor is divided into three cosy environments and is characterised by walls, furniture and sofas covered entirely in gold damask, an iconic feature of the Miu Miu brand across the world.

    Black marble passageways and sumptuous beige carpet lend a distinct feeling of comfort and luxury to the whole.

    The damask theme is continued – and renewed – in fresh and invigorating colourways. A staircase clad in green damask leads visitors to the second storey, where that same fabric is used on walls, furniture and floor: a unique and special flourish. From there, a final room dedicated to ready-to-wear is reached, where red damask evokes an uplifting spirit of femininity and charm. Soft gold damask curtain, decorated with large mirrors, reveals intimate dressing room areas.

    The dramatic nature of the interior is enhanced by spotlighting suspended from polished metal trellis and particular to this space. A pale ceiling boasts original cornices and is testimony to the distinctly Parisian history of the store.

    Miu Miu Paris Place Beauvau, Place Beauvau, 92 rue Faubourg Saint-Honoré, 75008 Paris

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

     

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  • 2014-05-19 CHURCH'S OPENS IN VIENNA, AUSTRIA

    CHURCH'S OPENS IN VIENNA, AUSTRIA

    Church's, the historic English footwear brand established in 1873 and now owned by the PRADA Group, opens its first store on Vienna's prestigious Seitzergasse.

    The new point of sale, designed by architect Roberto Baciocchi, features a visually impressive wide window, located next to the entrance. The store's sophisticated inside is defined by oak wood furniture, alternating with mirrors, that highlight the men's and women's footwear and accessories collections. The set-up is completed by small salons furnished with green leather seats, crystal counters and Saint-Laurent marble floors, that lend an elegant look to the whole environment.

    The new point of sale in Vienna is an important milestone for the brand that - after recent openings in Stockholm, Amsterdam and Copenhagen - aims to strengthen its presence in Europe.

    Church’s - established in 1873 in Northampton (UK) - has ever since been a world leader in manufacturing and distributing men's and women's top-quality footwear. In 1999 it became a part of the PRADA Group, that now owns 100% of its capital.

    For information:

    Flavio Cerbone
    Church’s Press Office
    T +39 02 541921
    pressoffice.church@prada.com
    www.church-footwear.com

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  • 2014-05-19 PRADA OPENS A NEW STORE IN VIENNA

    PRADA OPENS A NEW STORE IN VIENNA

    Milan, 19 May 2014 – Prada has just opened in Vienna, inside a prestigious historical building between Bognergasse and Seitzergasse, a new store dedicated to women’s and men’s
    ready-to-wear, leather goods, accessories and shoes collections.

    Designed by architect Roberto Baciocchi, the 1430 square-metre store extends over two floors and reinterprets the architectural codes of the brand while respecting the heritage of the building.
    The visually striking external façade enhances the image of the store; large windows alternate with the three entrances (one on Bognergasse, opening on the men’s collectionsarea, the other two leading to the women’s area), while the windows of the first floor offer a glimpse of the inside.

    The women’s collections of bags, accessories and shoes are showcased in a feminine environment, featuring the signature black and white-chequered marble floor, green fabric-clad walls and high furniture with black marble base, drawers and narrow framing. Two side rooms give onto this central area: one with green velvet sofas and niches cut into the green fabric-clad walls displaying shoes, and a more intimate space entirely clad in black Marquina marble, dedicated to accessories.

    The ground floor men’s area is dedicated to leather goods. The masculine character is expressed though the black Marquina marble floor and by orange encaustic walls, werepalladium-plated displays reinterpret the signature Prada niche creating a modern and dissonant effect. The bright colours of the saffiano leather highlight the pattern of the display counters.

    Two impressive black Marquina marble staircases lead customers up to the first floor, to the areas dedicated to shoes and men’s and women’s ready-to-wear.

    The space showcasing the women’s ready-to-wear collections features a series of marble portals, bright skylights and perspex tables with unusual geometries contrasting the softness of the green fabric-clad walls and the sinuosity of the “Cover leaf” sofas designed by Verner Panton and reproduced exclusively for Prada.

    The area dedicated to the men’s shoes and ready-to-wear collections features ebony floors and walls decorated with mirrors, light palladium-plated and crystal glass frames to showcase the products and green and blue ostrich-leather seating.

    The large windows overlooking the city enhance the atmosphere and personality of the entire store.

    For further information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-05-16 PRADA OPENS A NEW STORE IN XIAN, CHINA, INSIDE THE MODERN CAPITAL PRINTEMPS MALL

    PRADA OPENS A NEW STORE IN XIAN, CHINA, INSIDE THE MODERN CAPITAL PRINTEMPS MALL

    Milano, Italy, 16th May 2014 – Prada opens its second store in Xian, China, inside the recently renovated, prestigious Modern Capital Printemps mall.

    The 1066-square metre boutique, designed by architect Roberto Baciocchi, extends over one floor and presents women’s and men’s ready-to-wear, leather goods, accessories and footwear collections.

    The store front, stretching externally for more than 65 metres, and for 50 metres inside the mall, features a black marble-clad façade with two big entrances. Alternating light-boxes and windows create an interesting series of empty and solid spaces.

    The entrance inside the mall opens onto the display area, devoted exclusively to the women’s collection and conceived as a series of areas featuring different settings.
    The tone is set in the first room by the classic black and white-chequered marble floor, where soft green fabric-clad walls are the perfect backdrop for the display units in polished steel and crystal glass showcasing the leather goods collections.

    A double hallway leads to an area where soft niches cut into the green fabric-covered walls showcase shoes and leather goods.
    The next two areas are more intimate: the soft green fabric and the lightness of the transparent perspex shelves display the women’s ready-to-wear collections perfectly.

    The setting is completed by green velvet sofas, crystal glass tables and coloured saffiano leather display units.

    Mirrored walls with niches clad in soft green fabric feature women’s accessories.

    The area dedicated to the men’s collections can be accessed from this last room or from the impressive external entrance.

    The space devoted to luggage, bags and accessories is characterized by a black and white- chequered marble floor, with matching black marble walls.

    The next area is dedicated to shoes and ready-to-wear, conceived as a series of rooms with irregular shapes, featuring decidedly masculine materials such as ebony for the walls and floor, and light terracotta leather for the seating.
    Precious polished-steel and crystal glass counters and dark brown carpets complete the setting.

    For further information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-05-16 MIU MIU OPENS IN XIAN, CHINA

    MIU MIU OPENS IN XIAN, CHINA

    May 16th 2014 - Miu Miu continues its expansion in mainland China opening its first store in the city of Xian in the prestigious mall, Modern Capital Printemps. The 436- square-metre space is home to ready-to-wear, bags, shoes and accessories.

    The scale of the storefront ensures that, from first sighting, this project stands out: a imposing 10 metres high and 50 metres long, the glass façade is punctuated by light boxes edged with brushed steel showcasing the current Miu Miu print campaign in larger than life size proportions. Windows are backed by a perforated metal curtain, conveying the innovative spirit of the brand, and drawn either side of the entrance inviting visitors in.

    The interior is covered entirely with floor-to-ceiling mirrors and Miu Miu’s iconic gold damask. Display niches, clad in that same fabric, are set into the walls.

    Three distinct areas, each dedicated to different product categories - small leather goods, luxury bags and ready-to-wear - are connected by passageways lined with more mirror.

    Terrazzo flooring in precious black marble evokes a timeless grandeur while seating in plump velvet adds a sense of ease and intimacy throughout.

    Finally, a perforated metal screen ceiling is screen-printed with the famed damask motif lending a discreet harmony to this sophisticated space designed by architect Roberto Baciocchi.

    Miu Miu Xian Modern Capital, Unit 1A-01, Building B, No.66, Nanguangzheng Street, Beilin District, Xian, Shanxi Province, 710068, China PRC

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

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  • 2014-05-14 PRADA OPENS A NEW STORE IN BEIJING, CHINA, IN THE PRESTIGIOUS IN88 MALL

    PRADA OPENS A NEW STORE IN BEIJING, CHINA, IN THE PRESTIGIOUS IN88 MALL

    Milano, Italy, 14th May 2014 – Prada has opened its fourth store in Beijing, China, in the prestigious recently renovated “In88” mall.

    Designed by Italian architect Roberto Baciocchi, the 1.100 square-metre store extends over two floors and presents women's and men's ready-to-wear, leather goods, accessories and footwear collections.

    The visually striking façade is a tribute to artist Carlos Cruz Diez, standing 10 metres tall and stretching for 38 metres on three sides of the mall, at the crossroads of two major avenues of the city.
    A structure of backlit aluminium blades with gold and steel finishes, producing an unusual visual effect both during the day and at night, juts out over the black marble base containing a series of large light boxes and windows.

    The main entrance on the ground floor leads customers into the women's collections area, conceived as a series of rooms characterized by different settings.
    The gallery features the signature black and white-chequered marble floor that has become a tradition for the brand, green fabric-clad walls and polished-steel displays with Marquina marble drawers. The steel and crystal glass counters feature bright saffiano-coloured drawers, like the red and green saffiano accessories of the display unit.

    Two intimate small rooms with black marble walls feature display niches for accessories.

    The next areas display women’s collections of fine leather goods, ready-to-wear and shoes. Shoes are displayed in crystal and steel niches cut into the green fabric-clad walls. The green velvet sofas and the beige carpeting of this area create a warm and welcoming setting.

    The ready-to-wear area is wrapped by green fabric-clad walls. Precious transparent perspex shelves showcase the women’s collection.
    The beige carpeting, green velvet sofas and crystal glass tables, all contribute to create a refined and feminine setting, where the product is the protagonist.

    A black Marquina marble staircase leads customers up to the first floor where the men's ready-to-wear, leather goods, accessories and footwear collections are presented.

    The first area features a black and white-chequered marble floor and black marble walls, creating an elegant setting.
    This area opens on the one dedicated to shoes and ready-to-wear, with ebony floors and walls and a ceiling in green fabric with steel framings, creating a strong statement.

    Completing the interior are wall units and display counters in polished steel and crystal glass with saffiano-coloured drawers and light cotto leather sofas.

    TRIBUTE BY PRADA TO THE ARTISTIC WORK OF CARLOS CRUZ-DIEZ
    Prada wishes to express its admiration of French-Venezuelan artist Carlos Cruz-Diez, one of the leaders of the kinetic art movement, an innovative form of dynamic expression with strong visual impact. Having always greatly appreciated Carlos Cruz-Diez and his contribution to this artistic genre, Prada intends paying public homage to his work of art which was the starting point in the development of the Prada Beijing IN88 boutique façade, No.88 Wangfujing Street Intime Lotte Dongcheng Beijing, China.

    For further information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-05-07 PRADA OPENS IN GENEVA

    PRADA OPENS IN GENEVA

    Milan, Italy, 7 May 2014 - Prada has opened its first store in Geneva, on the prestigious Rue du Rhone.

    Designed by Italian architect Roberto Baciocchi, the 1000 square metres space over two floors presents the women's and men's ready-to-wear, leather goods, accessories and footwear collections.

    A series of arches framing the street-front window displays set the rhythm of the store front, which stretches around three sides of the building. The hallmark materials of Prada's worldwide identity all appear, from the black metal and marble to the green fabric.

    The two entrances on Rue du Rhone invite customers into two very different spaces, one for the women's collection and the other for the men's.

    The women's entrance opens onto a gallery presenting leather goods in polished-steel display cases with a black marble base, which glimmer against the black and white-chequered marble floor, green fabric walls and counters with coloured saffiano leather details.

    The gallery leads into a room presenting accessories, the interior defined by the green fabric walls and perspex display shelves which face the windows, creating a connection between the store and the city outside.

    The footwear collection is presented in a small mezzanine area and continues on the ground floor in a wing of the store with the Quai General Guisan entrance, facing the Rue du Rhone side.
    The shoes are exposed in tall, gleaming steel shelving displays on a black marble base, in a room wrapped in green fabric with green velvet sofas and crystal tables.

    A black marble staircase and striking crystal elevator convey clients to the first floor and the dedicated women's ready-to-wear space. Here, the interiors have green fabric-clad walls, a beige carpet and perspex display shelves, cleverly placed between the windows to give clients the opportunity to enjoy the view over the lake.

    Perspex and steel tables in original shapes and green velvet seats add to the sophisticated feel of this part of the floor, where there is also an area, wrapped in green velvet, for Prada's most discerning clients.

    The Rue du Rhone menswear entrance brings clients into an area with ebony walls, polished- steel shelves and a black and white marble floor, offering leather goods and accessories.
    This leads into a series of spaces with a much stronger masculine vibe, where the tone is set by the ebony floors and walls and palladium-plated shelving displays presenting the ready-to- wear collections and shoes.

    Counters with coloured saffiano leather details and ostrich leather seats complement the interior design.

    An exclusive formal wear area houses the Made to Measure project.

    For further information:
    Prada Press Office
    Tel. +39 02 541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-05-05 PRADA OPENS IN TAINAN CITY, TAIWAN

    PRADA OPENS IN TAINAN CITY, TAIWAN

    Milano, Italy, 5th May 2014 - Prada has opened its first store inside Tainan City's prestigious SKM mall, in Taiwan.

    Designed by Italian architect Roberto Baciocchi, the 150 square-metres space presents the women's and men's bags, accessories and luggage collections.

    The striking shop front inside the mall is an elegant white curtain wall, wrapped in crystal and featuring three light boxes, a window display and a sweeping entrance.

    The tone is set inside by Prada's iconic black and white-chequered marble floor, the brand's signature feature, and by the special effects created by the mirrors contrasting with the black marble and green fabric-clad walls, all of which is complemented by the sleek display units with a fine, polished-steel and crystal structure. Adding to this are the colourful display counters bringing contrasting tones and embellishing the space.

    For further information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-04-30 PRADA COMES TO HARRODS

    PRADA COMES TO HARRODS

    Prada: A cosmos of its own
    composed of heavenly bodies
    set in a complex orbit.
    A universe of contradictions
    and endless elaborations—
    noble causes and base temptations—
    where idealism meets vanity,
    intelligence meets passion,
    fashion meets fiction.
    Welcome to the Pradasphere

    “Any modern city shop, with its elegant vitrines where
    useful and delightful objects are displayed, is more
    aesthetically pleasing than even the most praised passé
    exhibition. A metallic-white, tri-lucent sleek, super clean
    electric flatiron delights the eye more than a puny nude
    statuette perched on a worn-out pedestal repainted
    for the occasion. A typewriter is more architectonic than
    the buildings celebrated in academies and competitions.
    The windows of the perfume shop too, filled with boxes large
    and small, little bottles, and tiny future triple-colored phials,
    all reflected in extremely elegant mirrors; the clever and
    coquettish arrays of delicate ladies’ shoes; the bizarre
    ingenuity of multi-coloured umbrellas; fur, leather goods,
    silverware, all please the eye more than the grimy little
    paintings nailed to the grey walls of the passé painter’s studio.”
    Giacomo Balla
    Futurist Universe, 1918

    LONDON, UK, APRIL 30, 2014
    This May, Harrods Knightsbridge, the world’s most famous department store, hosts Prada as an honoured guest. The month-long celebration includes 40 window displays, a pop-up store, multiple screen displays, an elegant Marchesi café, and Pradasphere: an exhibition that traces the company’s multivalent obsessions—from fashion and accessories to art, architecture, cinema, sport and beyond.

    THE EXHIBITION
    Housed on the Fourth Floor of Harrods, Pradasphere is a collection of archival objects arranged to reveal the complex, often intertwined obsessions of Prada.
    The Prada vision is manifest in everything from fashion and accessories to art, architecture, film, and culture. Pradasphere posits that there are core ideas—beauty, taste, embellishment, gender, vanity, and power—that are repeatedly reworked through those diverse channels. The Prada oeuvre represents both an aesthetic journey and a critique enacted through the products of culture. Yet it is also an unabashed celebration of exquisite craftsmanship, a paean to the rare and the finely wrought, and a wholehearted endorsement of the stylistic iconoclast.

    The centrepiece of Pradasphere comprises six towering showcases dedicated to the central themes that have distinguished the work of Prada. The displays combine ensembles from multiple collections to demonstrate the recurrent concepts present in the products. In addition, the exhibition includes: heritage items from the Prada archives; shoes and bags from past collections organised by theme; examples of exquisite fabrics and materials; a Prada history wall that links the design collections with all of the extracurricular projects, from Fondazione Prada to Luna Rossa; a screening room presenting short films from directors such as Roman Polanski, Wes Anderson, Ridley Scott, and Yang Fudong; architectural projects from Rem Koolhaas/OMA and Herzog & de Meuron; and a library of publications, both physical and digital.

    A private lounge is adjacent to the exhibition space. The walls and ceiling of the intimate room are wrapped entirely in deep green velvet that matches the Clover Leaf sofas—a revival of Verner Panton’s modern classic reproduced exclusively for Prada—that furnish the space. The contrast created between the black-and-white carpeted floor and the velvet-covered walls adds to the aura of contemporary luxury.

    PRADA POP-UP STORE
    The 130m2 Prada pop-up store is on the Ground Floor adjacent to the entrance at the corner of Brompton Road and Hans Crescent. Designed in classic Prada style, the shop features an iconic black-and-white-chequered marble floor, slim polished-steel and crystal display shelves, striking black marble portals, steel and crystal display counters, and lilac velvet ottomans. The boutique showcases women’s leather goods, accessories, jewellery and eyewear.

    WINDOWS
    Harrods’ windows represent Prada’s multifaceted identity. The hybrid approach, a quintessential feature of Prada’s design philosophy, is evident in the recurrent themes and motifs combined in each tableau. The windows serve as an index of classic store elements, from marble floors to green ‘sponge’ walls. The windows also reference Prada’s contributions to popular culture, art, architecture, and film, revealing the complexity of the company’s approach to fashion.

    MARCHESI CAFÉ
    Directly alongside the Pradasphere exhibition, against a backdrop of the London skyline, is the Marchesi café, patisserie, and restaurant. Marchesi is a legendary Milanese patisserie founded in 1824, renowned for its wide range of delicious pastries, chocolates, and Panettone, the traditional Milanese Christmas cake. The original architecture of the balcony room, with its exquisite boiserie and subtle lighting, has been preserved for the temporary café. The wallpaper covering the bar counter features exact replicas of the details and decorations found at the original Marchesi patisserie, and the bar mirrors display images of its early 20th-century splendour. Opposite the bar, a wall with mirrors and crystal-lined alcoves presents a selection of Marchesi products and a display of boxed delicacies.

    Pradasphere is a collaboration between Prada and 2x4 New York

    Pradasphere at Harrods will be open from May 2 – 29, 2014 at the world famous Knightsbridge store. To find out more about Pradasphere at Harrods, go to www.harrods.com and follow @Harrods @Prada #Pradasphere.

    For further information, please contact:
    Prada Press Office +3902541921
    ufficio.stampa@prada.com

    Harrods Press Office
    Selina Katz +44 (0) 20 7893 8122
    selina.katz@harrods.com

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  • 2014-04-29 CHURCH’S OPENS A CORNER IN COPENHAGEN, DENMARK

    CHURCH’S OPENS A CORNER IN COPENHAGEN, DENMARK

    Church's opened the brand's first retail store in Copenhagen on April 25, in the prestigious Illum La Rinascente Department Store.

    The Corner, designed by Studio Baciocchi, is located on Illum's first floor and it has a surface of about 52 square metres.

    A sophisticated atmosphere characterises this store, where oak wood furniture alternates with mirrors to define the environment displaying the men's and women's footwear and accessories collections. The setup is completed by elegant green leather seats and crystal and wood counters with a thin frame that enhance the products' visibility whilst highlighting their preciousness.

    The Copenhagen opening is an important step for the brand, that - after Stockholm - aims at consolidating its presence further in Northern Europe.

    Church’s - established in 1873 in Northampton (UK) - has ever since been a world leader in manufacturing and distributing men's and women's top-quality footwear. In 1999 it became a part of the PRADA Group, that now owns 100% of its capital.

    For information:

    Flavio Cerbone
    Church’s Press Office
    T +39 02 541921
    pressoffice.church@prada.com
    www.church-footwear.com

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  • 2014-04-28 MIU MIU OPENING IN BEIJING

    MIU MIU OPENING IN BEIJING

    April 28, 2014 - Miu Miu continues its expansion in mainland China opening a second store in the capital city of Beijing, located in the recently renovated department store ‘In88’.

    Designed by the architect Roberto Baciocchi, the 405 square-metre space is laid out over two storeys and offers ready-to-wear, footwear, handbags and accessories. The ground floor is dedicated to shoes, handbags and accessories. Ready-to-wear is housed on the first floor.

    A glass and metal façade is embedded with light boxes framed in polished steel and showcasing images from the current Miu Miu print campaign. Behind the windows hangs a perforated metal curtain ensuring privacy while allowing diffused light to gently filter through.

    Inside, walls are clad in signature gold damask while display trays and cabinets are lined with a mirrored honeycomb motif. In this way, product is framed by glittering surfaces and a unique brightness is seen throughout the environment.

    Such hyper-feminine materials are juxtaposed with discreetly precious matt black marble terrazzo flooring that leads seamlessly to a staircase crafted in that same stone linking the two storeys. Metal-framed seating clad is upholstered in richly coloured silk velvet offering both intimacy and comfort.

    Finally, the ceiling is hung with more perforated metal, in this case screen-printed with the aforementioned, iconic damask design, bringing a sense of unity and harmony to the whole.

    Miu Miu Beijing Intime 88, Shop L1-117, Beijing In88, No. 88, Wangfujing Avenue, Dongcheng District, Beijing, 100006, P. R. China

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

     

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  • 2014-04-15 PRADA REFURBISHES AND EXTENDS ITS PACIFIC PLACE STORE IN HONG KONG

    PRADA REFURBISHES AND EXTENDS ITS PACIFIC PLACE STORE IN HONG KONG

    Milano, Italy, 15 April 2014 - Prada has refurbished and extended its store in Hong Kong's prestigious Pacific Place mall.
    Designed by Italian architect Roberto Baciocchi, the 780 square-metres-space over two floors presents Prada leather goods, accessory, footwear and ready-to-wear collections for men and women.

    The two storefronts inside the mall have sweeping window displays and wide entrances, giving visitors a glimpse of the atmosphere inside.

    The upper floor is dedicated to the women's collection.
    In the first area, presenting bags, the tone is set by the signature black and white-chequered marble floor and polished-steel display units with black marble bases, nestling in green fabric-lined niches.
    In the second space, the display niches cut into the wall are clad in black Marquinia marble and showcase the eyewear collection and accessories.

    The ready-to-wear and footwear area is wrapped by green fabric-clad walls. Clients are invited into the sleek, feminine space by the stylish display niches and transparent perspex shelves, beige carpeting, crystal tables and green velvet sofas; an intimate room has also been reserved for Prada's most special clients.

    An open black Marquinia marble staircase leads down to the lower floor, which is split into a sequence of spaces with a more masculine feel.
    Ebony dominates the leather goods and footwear areas, in the wood floor and walls, which are complemented by dark brown carpets and light cotto leather sofas.

    Palladium-plated metal has been selected for the wall units and display counters, complemented by coloured saffiano leather drawers.
    Here, there is also an area dedicated to the men's Made to Measure collections.

    For further information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-04-02 THE PRADA GROUP APPROVES ITS 2013 ANNUAL REPORT

    THE PRADA GROUP APPROVES ITS 2013 ANNUAL REPORT

    Consolidated net revenues of Euro 3,587 million, +9%
    EBITDA of Euro 1,143 million, +9%
    EBIT of Euro 939 million, +6%
    Net income of Euro 628 million, in line with prior year
    Positive net financial position of Euro 296 million

    Milan, April 2, 2014 – The Prada spa Board of Directors met today to review and approve the separate financial statements of Prada spa and the consolidated financial statements for the year ended January 31, 2014.

    In 2013, the PRADA Group successfully continued its expansion in the global luxury goods market. By combining quality, stylistic innovation, excellent customer service and a retail presence in the most prestigious international locations, for the fourth consecutive year, the Group achieved a high rate of growth and operating profit among the highest in the sector.

    Consolidated net revenues totaled Euro 3,587.3 million, an 8.8% increase (+13.3% at constant exchange rates) on the Euro 3,297.2 million reported for 2012.

    EBITDA grew by 8.6% compared to 2012 to reach Euro 1,143.2 million, remaining stable at 31.9% of consolidated net revenues.

    EBIT also grew by 5.6% to stand at Euro 939.2 million even though the major capex program carried out in recent years has led to higher depreciation and amortization.

    Net income was somewhat hit by foreign exchange losses and a greater tax burden but still amounted to Euro 627.8 million, broadly in line with prior year.

    The net financial position was positive by Euro 296 million and benefited from strong cash flow generation which financed major investing activities during the year – including the purchase of a prestigious property on Old Bond Street, London – and the distribution of dividends of Euro 230 million to the shareholders.

    The Board proposes payment of a dividend of Euro 0.11 per share. This proposal will be put to the Shareholders’ General Meeting convened on May 22.

    Analysis of Revenues

    Distribution channels

    In 2013, the retail channel generated 84.5% of the Group revenues and, once again, was the main revenue growth driver, in line with the Group’s distribution strategy. DOS (“Directly Operated Stores”) sales generated revenues of Euro 2,996.6 million, a 12.5% increase on prior year (+17.8% at constant exchange rates) thanks to both new DOS openings and Like-for-Like growth which totaled 7%.

    During the year, the Group expanded the retail network from 461 DOS at January 31, 2013 to 540 DOS at January 31, 2014, including 330 Prada, 150 Miu Miu, 52 Church’s and 8 Car Shoe.

    The wholesale channel was affected by the ongoing selective approach to the independent customer base in Europe and by the conversion of retail corners in North American department stores into DOS. Wholesale sales revenues totaled Euro 551.6 million, down by 6.9% on prior year (-5.8% at constant exchange rates).

    Geographical areas

    Growth on all markets:

    - the European market held up well given the difficult economic environment and the recent strengthening of the Euro. Revenue growth of 4.8% was recorded (+6% at constant exchange rates), all of it attributable to the retail channel (+10.9% at constant exchange rates) while the wholesale channel recorded a fall in revenues compared to prior year;

    - the Americas Market again performed strongly in the fourth quarter and recorded 10.9% revenue growth for the year as a whole (+15.3% at constant exchange rates). The retail channel did extremely well with 36.3% growth at constant exchange rates;

    - Asia Pacific achieved significant progress in 2013 with 11.4% growth (+14.4% at constant exchange rates). The Greater China area made a key contribution to the growth of the area as a whole, reaching sales of Euro 826 million (+14.7% at constant exchange rates).

    - the period of growth continued in Japan where sales increased by 23.6% at constant exchange rates though the continuing weakness of the Yen meant that Euro equivalent revenues were broadly in line with 2012 ( +1%).

    - the contribution of the Middle East area to Group sales increased greatly: in the twelve months ended January 31, 2014, revenues totaled Euro 91.1 million, almost twice the figure of Euro 44.8 million recorded in 2012.

    Brands

    Prada achieved excellent results with 11.1% revenue growth (+15.6% at constant exchange rates), especially in the retail channel where the brand recorded one of the highest rates of growth in the sector: +19.6% at constant exchange rates.

    Miu Miu also achieved revenue growth of +1.2% (+6.5% at constant exchange rates). In this case, too, the growth was driven by the retail channel (+10.1% at constant exchange rates) with even higher growth recorded in the Americas, China and other emerging markets.

    The Church’s brand also recorded revenue growth in 2013 (+3.2% at constant exchange rates) while Car Shoe revenues decreased because of the downturn in the wholesale channel.

    Patrizio Bertelli, Chief Executive Officer of Prada spa, declared: “We are very satisfied with the work done over the last few years and the results achieved in terms of growth and profitability which encourage us to continue along our path of development. Even though the macroeconomic situation remains difficult and the continuing strength of the Euro does not help with exports, we are confident that the luxury goods sector will continue to grow and that, faced with rapidly changing consumer tastes and preferences, we will draw on our creativity and innovative capacity which enables us to interpret and, often, anticipate market trends”.

    For further information, please contact:

    Prada spa
    Prada Press Office

    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 540 directly operated stores (DOS) at January 31, 2014 and a selected network of luxury department stores, independent retailers and franchise stores.

     

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  • 2014-03-28 MIU MIU OPENS IN DUSSELDORF

    MIU MIU OPENS IN DUSSELDORF

    March 28th 2014 - Miu Miu has boosted its presence in Germany, opening the country's first total-look store in Dusseldorf. An important business and financial hub, Dusseldorf also has a thriving fashion industry, the most successful sector in the city's economy. The new store joins sister locations in Berlin, Munich and Frankfurt.

    Situated in the exclusive Königsallee boulevard, Germany's most famous shopping street, the 500m2-store extends over two floors.

    The charismatic Miu Miu femininity is evident from the outer façade, in the visually- impressive street-front window displays and luxury fixtures.

    Inside, signature design elements are presented alongside contemporary details and a breathtaking, black marble staircase conveys clients to the upper floor.
    The store, designed by Italian architect Roberto Baciocchi, features the iconic damask-covered walls and original clear cellular polycarbonate and polished-steel display niches. A soft, alluring light is diffused from the ceiling, made in the same material, enhancing the products on display.

    The precious, black Palladian marble floor adds further prestige to the interior design, which is complemented and given a more intimate feel by the velvet mohair and polished steel lounge areas.

    Miu Miu Düsseldorf, Königsallee 18, 40212 Düsseldorf, Germany

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

     

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  • 2014-03-14 PRADA SPA ANNOUNCES THE ACQUISITION OF 80% OF ANGELO MARCHESI SRL

    PRADA SPA ANNOUNCES THE ACQUISITION OF 80% OF ANGELO MARCHESI SRL

    Milan, 14th March 2014 - Prada SpA announces the acquisition of 80% of Angelo Marchesi Srl, owners of the historic Milanese pastry shop founded in 1824.

    Ever since it opened its doors for the first time, the Pasticceria Marchesi has occupied an 18th-century building in Corso Magenta in Milan. Renowned for the production of high-quality pastries and chocolate, as well as for its typical “Panettone”, it has over the years become a favourite of the sophisticated Milanese public.

    The acquisition seeks to promote and assure the strategic strengthening of the brand within a series of future development projects, both within Milan – in the new Prada spaces in the Galleria Vittorio Emanuele II – and internationally.

    Angelo Giovanni Marchesi will continue to be involved in running the company as Managing Director to ensure the continuity and correct integration with Prada.

    Angelo Giovanni Marchesi declares: “Our goal is to assure the development and continuity of our historic name in accordance with the same principles of quality and excellence that have characterised it in almost two centuries of history. Prada, Milanese in heart and tradition like ourselves, has given us these guarantees and it is thus with satisfaction and confidence for the future that I signed this agreement”.

    Patrizio Bertelli, Managing Director of Prada SpA, declares: “Marchesi represents a symbol of Milanese excellence and I am happy we have stipulated this agreement with the family that founded the historic brand. Our goal is to collaborate in an effective manner in its development and in full respect of its tradition”.

    For further information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-03-06 MIU MIU WOMENSWEAR FW2014 FASHION SHOW

    MIU MIU WOMENSWEAR FW2014 FASHION SHOW

    The FW 2014 Miu Miu show aims to manipulate the grandeur of the Palais d’Iena. A complex and brutal scaffolding structure frames the imposing colonnade of the Salle Hypostyle, defining the central catwalk. Portions of the scaffolding generate social areas along the CESE. Different levels accommodate the guests creating varying conditions to perceive the show. A mantle of transparent pvc enfolds the installation and parts of the building while black recycled rubber is laid on the floor of the structure, softening the hardness of the elements.

  • 2014-02-21 PRADA WOMENSWEAR FW2014 FASHION SHOW

    PRADA WOMENSWEAR FW2014 FASHION SHOW
     
    On February 20, 2014 Prada unveils its Fall/Winter 2014 Women’s collection in the Via Fogazzaro show space in Milan  designed as an experimental and informal stage for performance. A large 1m high platform occupies the center of the room.
    The majority of the audience is orderly arranged around the central stage, while the room is bordered on all sides by metal scaffolding serving as balcony to the rest of the public. Different geometric excavations punctuate the central stage; surprisingly part of the audience sits inside these pockets, becoming part of the overall scenography.
  • 2014-02-12 PRELIMINARY SALES FIGURES OF FINANCIAL YEAR 2013

    PRESS RELEASE

    PRELIMINARY SALES FIGURES FOR FINANCIAL YEAR 2013

    ANOTHER YEAR OF GROWTH FOR THE PRADA GROUP
    Total sales + 13% at constant exchange rates
    Retail sales + 18% at constant exchange rates
    Same Stores Sales Growth + 7 %

    Milan, February 12, 2014

    The Prada Group recorded sales of Euro 3,586 million in the financial year ended January 31, 2014, a 9% increase on financial year 2012. At constant exchange rates, sales grew by 13%.

    Sales channel

    Sales by Directly Operated Stores totaled Euro 2,996 million with a 12% increase on the previous financial year (+18% at constant exchange rates). The growth was thanks to newly opened stores and to Same Store Sales Growth of 7%, which remained constant in all four quarters. Meanwhile, wholesale channel sales decreased by 7% (- 6% at constant exchange rates), entirely as a result of the strategy adopted by the Group in recent years to streamline the wholesale network and, in Europe in particular, to be selective of independent retailers based on quality and reliability.

    Geographical area

    Strong growth on all markets:

    -Asia Pacific achieved important progress in 2013 with growth of 11% (+14% at constant exchange rates). Greater China made a fundamental contribution to growth in this area with sales for the year of Euro 826 million, +15% at constant exchange rates.

    - the American market again performed extremely well in the fourth quarter and achieved 11% growth for the year as a whole (+15% at constant exchange rates), PRADA spa entirely thanks to the retail channel which grew by 36% at constant exchange rates.

    - the European market held up well, bearing in mind the difficult economic environment and the recent strengthening of the Euro, with sales growth of 5% (+6% at constant exchange rates); as in the United States, the growth was driven by the retail channel (+11% at constant exchange rates), while wholesale channel sales were down on the previous financial year.

    - Japan continues its expansionary phase and revenues grew by 24% at constant exchange rates, though the ongoing weakening of the Yen meant that Euro equivalent revenues were broadly in line with 2012 (+1%).

    - the contribution made by the Middle East to Group sales grew strongly: at January 31, 2014, there were some 16 DOS in this area and they generated sales of Euro 90 million.

    Brands

    The Prada brand achieved excellent results with sales growth of +11%, (+16% at constant exchange rates), especially in the retail channel where it recorded one of the highest growth rates in the sector (+20% at constant exchange rates), confirming the strength of the brand.

    Miu Miu also achieved sales growth of +1% (+6% at constant exchange rates). In this case, too, the retail channel drove sales growth (+10% at constant exchange rates) with encouraging signs from emerging markets (including China) and the Americas.

    The Church’s also recorded a positive trend in 2013 with +3% sales growth at constant exchange rates while Car Shoe sales were down because of the decrease in the wholesale channel.

    During the year, in line with its strategy, the Group continued to expand the retail network opening 79 stores (net) and reaching a total of 540 DOS (Directly Operated Stores) at the end of January 2014; this total included 330 Prada DOS, 150 Miu Miu, 52 Church’s and 8 Car Shoe.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa declared “The 2013 financial year was the fourth consecutive year of strong growth. Against an unfavorable background of PRADA spa exchange rate volatility and the ongoing negative economic situation in Europe, we have maintained one of the highest rates of growth in the sector and have continued to pursue our objectives of retail growth. Moreover, in Italy, we launched a program of investment to improve our production structure and train our human resources with the aim of achieving constant improvement of quality and growth of industrial culture. The investments made, together with important marketing initiatives in support of the image of our brands, enable us to look forward with confidence to further progress in 2014.

    The presence of our retail network on all markets, our leadership in terms of creativity and innovation and the strength of our brands will provide a strong foundation for our future strategy.

    Full results regarding performance in the 2013 financial year will be published following approval by the Board of Directors at the meeting provisionally scheduled for April 2, 2014.

    For further information, please contact:

    Prada spa
    Prada Press

    Office Tel. 02.541921
    e-mail: ufficio.stampa@prada.com

    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through 540 directly operated stores (DOS) at January 31, 2014 and a select network of luxury department stores, independent retailers and franchise stores.

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  • 2014-02-04 PRADA OPENS IN SAINT PETERSBURG

    PRADA OPENS IN SAINT PETERSBURG

    Milano, Italy, February 4, 2014 – Prada opens its first store in Saint Petersburg, in a historical building on Bolshaya Konyushennaya Street, in the heart of the city's shopping district.

    Designed by Italian architect Roberto Baciocchi, the almost 400 square-metre store showcases the men's leather and accessory collections and the women's ready-to-wear, shoes, leather goods and accessory collections.
    The entrance is in the middle of the storefront with a display window on either side, framed by polished, studded steel profiles.

    The interior is split into two spacious areas. The first presents the signature hallmarks of Prada's global identity: black and white-chequered marble floor and green fabric-clad walls into which sleek display niches have been set.
    The following area, offering the women's ready-to-wear collection, has an intimate feel which is enhanced by the light flowing through the louvered windows on the ceiling and reflecting on the perspex and glass fitments.
    Green velvet sofas and polished-steel and perspex tables add a final touch to the interior design, set off by the black and white-chequered carpeting.

    For further information:
    Prada Press Office
    Tel. +39 02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-02-03 MIU MIU OPENS IN CHONGQING, CHINA’S MOST POPULATED MUNICIPALITY

    MIU MIU OPENS IN CHONGQING, CHINA’S MOST POPULATED MUNICIPALITY

    February 3rd 2014 - Miu Miu is continuing its expansion in China, opening a new store in Chongqing, the biggest and most populated directly-controlled municipality in the People's Republic of China, with a population of almost 29 million inhabitants.

    Situated in the prestigious World Financial Centre, the 500m2-store extends over two levels and showcases the full range of Miu Miu collections.

    The design is striking for its sophistication and splendour; the glass front and backlit steel sheet curtain reaches a height of 16m and extends horizontally for more than 30m. Brushed steel sections set the rhythm and frame the window displays and light boxes.

    An exquisite black matte marble staircase connects the two floors on the inside, where the brand's signature traits emerge alongside contemporary design features. The store, designed by architect Roberto Baciocchi, features several spacious rooms outfitted with damask wall fabric, floor-to-ceiling mirrors and original display niches in clear honeycomb acrylic and polished steel.

    The use of the classic and contemporary side-by-side combines with the palladian marble floor and honeycomb acrylic ceiling to create a very sophisticated atmosphere.

    Miu Miu Chongqing WFC, Shop L1-112, Chongqing World Finance Center, No. 188, Minzu Road, Yuzhong District, Chongqing, 400010, China

    For further information:
    Miu Miu Press Office
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

     

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  • 2014-01-29 PRADA OPENS TWO NEW STORES IN CHINA

    PRADA OPENS TWO NEW STORES IN CHINA

    Milan, 29 January 2014 – The month of January sees two new Prada stores open in China, inthe cities of Chengdu and Chongqing.

    Prada Chengdu IFC – 14
    January 2014Total area covered: 1200 square metres.
    Women's and men's ready-to-wear, accessory, leather goods and shoe collections.
    The visually-impressive storefront rises to a total height of 18 metres and stretches for about 42 metres along both sides of the mall, in the city's Hongxing Road. A black marble base frames wide light boxes, the sweeping entrance and the window displays.

    Prada Chongqing WFC – 23 January 2014
    Total area covered: 1000 square metres.
    Women's and men's ready-to-wear, accessory, leather goods and shoe collections.
    The storefront rises to a height of 16 metres and stretches for about 45 metres around three sides of the mall, at the corner of two of the city's major streets.
    A black marble base frames wide light boxes, the sweeping entrance and the window display.

    These two new stores take Prada's total in China to 33.
    The Group has therefore confirmed its strategic interest in the mainland Chinese market, with an eye in particular for cities undergoing rapid population growth and where the demand for luxury goods is expected to rise sharply.

    Designed by Italian architect Roberto Baciocchi, both stores cover very large areas and are located within prestigious shopping malls.
    The storefronts are a tribute to artist Carlos Cruz Diez, presenting a visually-impressive structure of backlit aluminium panels, with a gold and steel finish, running across the top part of the façade and creating an unusual kinetic effect, both in daytime and at night.
    The interior architecture in both stores follows the same aesthetic design principles.

    Architectural description of the spaces:
    The ground floor has two entrances which lead into the display areas devoted exclusively to women's collections and split into three separate areas.
    The tone is set in the first two rooms by the classic black and white-chequered marble floor, an emblematic feature in Prada's image all around the world, display cases with a slim, polished steel frame and green fabric surfaces, inserted into black marble niches; the coloured saffiano leather details accentuate the design of the display counters.
    The third area is wrapped by green fabric-clad walls. Exquisite display niches and clear perpex shelves showcase the shoes and women's clothing.
    The beige carpeting, the green velvet sofas and crystal tables top off the interior design.

    A black Marquina marble staircase leads up to the first floor where the men's clothing, leather goods, accessory and shoe collections are set out. The ebony used for the long-strip wood floor, the dark brown rugs and light cotto leather sofas give this area a strong masculine feel.
    Palladium-plated metal has been used in both the display shelves and counters, which have saffiano coloured leather drawers.

    TRIBUTE BY PRADA TO THE ARTISTIC WORK OF CARLOS CRUZ-DIEZ
    Prada wishes to express its admiration to the French-Venezuelan artist Carlos Cruz-Diez, one of the leaders of the kinetic art movement, an innovative form of dynamic expression with strong visual impact. Having always greatly appreciated Carlos Cruz-Diez and his contribution to this artistic genre, Prada intends to pay public tribute to his work of art which was the starting point in the development of the Prada Shenyang boutique façade at Chengdu IFC, Hongxing Road 3rd section / Dacisi Road IFC Jinjiang Chengdu, China and of the boutique façade at Chongqing WFC, Wusi Rd Cross Minzu Rd 188, Yu Zhong District Chongqing, China.

    For further information:
    Prada Press Office
    Tel. 02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2014-01-21 PRADA OPENS IN NEW "PRINTEMPS DU LOUVRE"

    PRADA OPENS IN NEW "PRINTEMPS DU LOUVRE"

    Milano, Italy, January 21, 2014 - Prada has boosted its presence in Paris with a space in the new "Printemps du Louvre", the entrance to which is below the glass pyramid beside the museum entrance.

    Designed by Italian architect Roberto Baciocchi, the space covers a total of 154m2 and includes a dedicated area to showcase women's and men's leather goods as well as a rich collection of accessories and travel bags.

    The interior features signature materials defining Prada's identity all around the world, such as the black and white-chequered marble floor, the mirrored and green fabric-clad walls, the crystal and polished-steel display units with black Marquina marble drawers and lightweight polished steel and crystal counters with coloured saffiano leather inserts.

    For further information:
    Prada Press Office
    Tel. 02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2014-01-12 PRADA MENSWEAR FW2014 FASHION SHOW

    PRADA MENSWEAR FW2014 FASHION SHOW

    On January 12, 2014 Prada unveils its Fall/Winter 2014 Men’s collection in the Via Fogazzaro show space in Milan designed as an experimental and informal stage for performance. A large 1m high platform occupies the center of the room.

    The majority of the audience is orderly arranged around the central stage, while the room is bordered on all sides by metal scaffolding serving as balcony to the rest of the public. Different geometric excavations punctuate the central stage; surprisingly part of the audience sits inside these pockets, becoming part of the overall scenography of the show.

  • 2014-01-08 A NEW PRADA STORE IN FLORENCE

    A NEW PRADA STORE IN FLORENCE

    Milano, Italy, January 8, 2014 - Following its historic boutique in Via Tornabuoni, Prada opens a second store in Florence in a prestigious building at the corner of Via Roma and Via de' Pecori.

    Designed by Italian architect Roberto Baciocchi, the 760 square-metres store extends over three floors and showcases women's and men's ready-to-wear, leather goods, accessories and footwear collections.

    The wide window displays along the distinguished store front add to the prestige of the historic Florentine palazzo.
    The central entrance leads into an area dedicated to leather goods and accessories, the defining features of which are Prada's legacy black and white marble-chequered floor, the green-fabric clad walls, the exquisite polished-steel display cases with black marble drawers and display counters with bright flashes of colour. A sweeping black marble staircase and crystal elevator convey clients to the upper floors.

    The mezzanine is dedicated to the men and women's footwear collections. The space has light green walls and beige carpeting embellished by a black marble trim. Polished crystal-and-steel display cases and counters and green velvet sofas complement the interior design.
    A spacious area on the first floor is devoted to the men's leather goods collection.

    The next two spaces, presenting the women's and men's ready-to-wear collections, have two strong individual identities: the women's area is characterized by green-fabric clad walls and perspex display cases, clear skylights, geometric perspex-and-steel tables and green velvet chairs, while the men's area has a much more masculine feel. The space is defined by the ebony wood flooring and the bright orange encaustic-treated walls, set off by palladium-and- crystal display cases and counters and completed by coloured, ostrich-leather sofas.

    The palazzo's windows stretching around the entire store give beautiful views over Piazza Duomo.

    For further information:
    Prada Press Office
    Tel. +39 02.541921
    e-mail: ufficio.stampa@prada.com

     

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  • 2013-12-20 PRADA APPROVES RESULTS FOR THE NINE MONTHS ENDED OCTOBER 31, 2013: THE GROUP AGAIN ACHIEVES SOLID GROWTH

    PRADA APPROVES RESULTS FOR
    THE NINE MONTHS ENDED OCTOBER 31, 2013
    THE GROUP AGAIN ACHIEVES SOLID GROWTH

    Consolidated net revenues of € 2,576.1 million, + 10.1%
    EBITDA of € 821 million, + 12.8%
    EBIT of € 677.8 million, + 10.7%
    Group Net Income of € 440.9 million, + 7.9%
    Positive Net Financial Position of € 303.5 million

    Milan, December 20, 2013 – The Prada SpA Board of Directors, which met today, has examined and approved the Interim Consolidated Report for the nine months ended October 31, 2013.

    CONSOLIDATED NET REVENUES totaled Euro 2,576.1 million, up by 10.1% on the Euro 2,339.3 million reported for the first nine months of 2012. At constant exchange rates, the rate of growth would have been 14.3%.

    EBITDA amounted to Euro 821 million and increased by 12.8% on the same period in 2012, representing 31.9% of consolidated net revenues.

    EBIT amounts to € 677.8 million, 26.3% of consolidated net revenues and up by 10.7% on the first nine months of 2012.

    NET INCOME has increased by 7.9% to Euro 440.9 million and represents 17.1% of consolidated net revenues.

    The net financial position is positive by Euro 303.5 million after financing capex for the period of Euro 416 million and distributing dividends of Euro 230 million to shareholders.

    Distribution channels

    Sales by directly operated stores (516 DOS at October 31, 2013) totaled € 2,182 million with a 13.8% increase compared to the first nine months of 2012 (+18.7% at constant exchange rates). Meanwhile, wholesale channel sales decreased by 6.5% (- 5.5% at constant exchange rates), in line with the selective strategy adopted in relation to independent retailers.

    Markets

    Sustained growth was achieved in all geographical areas:

    - Asia Pacific growth slowed down slightly in the third quarter but continued to be strong at 14.4% (+16.7 at constant exchange rates); a significant contribution was made by DOSs in Greater China.

    - the American market recorded another excellent performance this quarter with growth of 13.5% (+17.5% at constant exchange rates), almost entirely thanks to the retail channel which continues to accelerate.

    - the European market held up well with 5.2% growth (+6.5% at constant exchange rates), though there were contrasting trends in the two distribution channels: sales through the retail network recorded double digit growth, largely thanks to the flow of travelers/tourists, while the wholesale channel recorded a drop in revenues.

    - Japan continues its expansionary phase and revenues grew by 18.6% at constant exchange rates though the ongoing weakening of the Yen meant that Euro equivalent revenues actually fell by 2.9%.

    - the contribution made by the Middle East to Group sales grew strongly: at October 31, 2013, there were some 16 DSOs in this area and they generated revenues of Euro 65 million.

    Brands

    The Prada brand achieved double digit growth of +12.7% (+16.8% at constant exchange rates). Revenue growth was also achieved by Miu Miu, +2% (+7.1% at constant exchange rates) and Church’s, +2.2% (+5.6% at constant exchange rates). Meanwhile, Car Shoe revenues fell, largely because of the decline of the wholesale channel. 

    Investment

    Capex for the period totaled Euro 416 million including the purchase of retail properties in London and St Petersburg. It was mainly invested in the opening of new stores and the expansion and renovation of existing ones.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa commented: “ In a quarter again affected by unfavorable foreign exchange trends and a general slowdown in consumption, the Prada Group continued to grow also through retail network expansion, while maintaining the high levels of profitability already achieved. We are satisfied with these results which encourage us to continue along a path of long-term growth, based on a balanced presence in all markets and on the undisputed stylistic leadership of our brands.

    For further information, please contact:

    Prada Press Office
    Tel. 02.541921
    e-mail: ufficio.stampa@prada.com

    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through 516 directly operated stores (DOS) at October 31, 2013 and a select network of luxury department stores, independent retailers and franchise stores.

     

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  • 2013-12-03 BFC HONOURED MIUCCIA PRADA WITH THE INTERNATIONAL DESIGNER OF THE YEAR AWARD

    The British Fashion Council (BFC) honoured Miuccia Prada with the International Designer of the Year award during its annual ceremony which took place in London on December 2, 2013. The award was presented by Gwyneth Paltrow.

    To recognise the ever-increasing globalisation of the fashion industry, the International Designer of the Year award was introduced this year to celebrate an influential international designer making waves on the global fashion scene. The inaugural award was won by Miuccia Prada who is renowned for her season defining collections that consistently set the agenda of the fashion industry.

  • 2013-11-27 CROWN SOVEREIGN 140th ANNIVERSARY

    CROWN SOVEREIGN 140th ANNIVERSARY

    To celebrate their 140th anniversary, Church’s creates a ‘limited edition’ style of the iconic Crown Sovereign.

    Available in both men’s and women’s versions and made in Royal Blue velvet with silver thread embroidery that highlights the classic crown on the front.

    Each piece has been customised by hand from numbers 1 to 800 and presented in special packaging.

    The limited edition will be available in stores this Christmas 2013.

    Church’s - established in 1873 in Northampton (UK) - has ever since been a world leader in manufacturing and distributing men's and women's top-quality footwear. In 1999 it became a part of the PRADA Group, that now owns 100% of its capital.

    For information:
    Flavio Cerbone
    Press Office Church’s
    T +39 02 541921
    pressoffice.church@prada.com
    www.church-footwear.com

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  • 2013-11-12 CASTELLO CAVALCANTI BY WES ANDERSON

    CASTELLO CAVALCANTI BY WES ANDERSON
    PRADA CLASSIC # 3*
     
    Prada is proud to present its latest film collaboration: an eight-minute short by acclaimed American director Wes Anderson.

    Castello Cavalcanti is part of Anderson’s ongoing auteur universe, which includes the ‘modern classics’, The Royal Tenenbaums, The Darjeeling Limited and Moonrise Kingdom — except this time, we’re in Italy, it’s September 1955, and Jason Schwartzman has just crashed his racing car into Jesus Christ.

    What ensues is a ‘Wes Andersonian’ folk tale about fate. Filmed on a pitch-perfect period set in Cinecittà, Castello Cavalcanti finds the urbane, slick Schwartzman stranded in a small town that’s been skipped over by modernity. “Where am I?” he asks. The locals pause from playing cards and point at a brick building: “Castello Cavalcanti.”

    It’s a one piazza kind of place, where everyone’s distantly related to everyone else, the bus comes not very often, and family secrets are shared over spaghetti.

    Suddenly, Schwartzman’s lost outsider realizes that Castello Cavalcanti is not nowhere. It’s somewhere. Special. Ancestral. Nothing happens without reason, and the steering wheel that his brother-in-law put on back to front may be part of a master plan. “In a way I’m glad I crashed,” he confesses. “It’s a warning for me.”

    Castello Cavalcanti is cinematographed by the celebrated Darius Khondji, whose camera darts around the set like a curious telescope. Bright, acid colours of fifties Formica and neon signage glow. A glance of a pretty waitress. The generosity of strangers. It’s home as it used to be.

    Castello Cavalcanti follows on from Prada’s 2012 collaboration with Roman Polanski, A Therapy, which featured Helena Bonham-Carter and Ben Kingsley. The short film will debut, with a world première at the Rome Film Festival on November 13th 2013 as part of the “Special Events Out of Competition” section.

    The film is available on www.prada.com from 6:30 pm CET.

    * Iconoclastic and experimental, the Prada Classics project continues to redefine those boundaries, reachingin to the adjacent fields of art, architecture and film. Castello Cavalcanti is the latest incarnation. From the filmic imagination of Wes Anderson to the history of Italian cinema, it is an extension of the cinematic scope of the Prada universe.

    CAST & CREW
    Jason Schwartzman
    Giada Colagrande

    Written and directed by Wes Anderson
    Cinematography: Darius Khondji
    Editing: Stephen Perkins
    Production Design: Stefano Ortolani
    Costumes Design: Milena Canonero
    Music: Alessandro Casella & Randall Poster
    Production: The Directors Bureau in association with Hi! Production

    For further information:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

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  • 2013-10-30 COTY INC. AND PRADA SA ANNOUNCE FRAGRANCE PARTNERSHIP

    COTY INC. AND PRADA SA ANNOUNCE FRAGRANCE PARTNERSHIP
    Renowned Beauty Leader to Debut Signature Scent for the Miu Miu Brand

    NEW YORK, October 30, 2013 – Coty Inc. (NYSE: COTY) and Prada Group (HKSE: Prada, 1913) announced today the formation of an exclusive partnership to create, develop and distribute a signature line of fragrances under the Miu Miu name. Following its successful results as a luxury fashion brand, the partnership marks Miu Miu’s first entrée into the world of prestige fragrances.

    Created in 1993, Miu Miu – the other vision of Miuccia Prada on fashion – is a brand with a strong personality, provocative and sensual as well as free-spirited and avant-garde. During the years, Miu Miu has evolved into one of the leading high-fashion brands in the world, targeting sophisticated women, receptive to new trends and ideas and inspired to explore and experiment in their fashion choices.

    Coty has a proven reputation for faithfully translating the core values of highly selective and sophisticated designer brands into successful fragrance businesses while maintaining great respect for the brands’ DNA and the utmost attention to quality.

    “The agreement with Coty, an internationally recognized reference in the luxury fragrance market, marks a major step forward in Miu Miu's development plan,” said Patrizio Bertelli, CEO, Prada Group “I am therefore sure that, leveraging on Coty’s know-how and Miu Miu’s strong identity, this partnership will be a worldwide success of mutual satisfaction to both companies.”

    “Miu Miu is one of the most refined and respected luxury houses in the world and one of the fastest growing global brands in the whole fashion industry,” said Michele Scannavini, CEO, Coty Inc. “It is an exciting opportunity for Coty to build a worldwide fragrance business for Miu Miu and also to further build our own market share in the prestige fragrance market.”

    The Miu Miu fragrance line is expected to debut in 2015.

    ###

    About Coty Inc.
    Coty is a leading global beauty company with net revenues of $4.6 billion for the fiscal year ended June 30, 2013. Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty’s product offerings include such global brands as Balenciaga, Bottega Veneta, Calvin Klein, Chloé and Marc Jacobs.

    For additional information about Coty Inc., please visit www.coty.com.

    About Miu Miu
    The Miu Miu brand, created in 1993, embodies style and sensuality. It is sophisticated yet nonchalant. The Miu Miu style has a strong identity, is creative and possesses an independent spirit. Miu Miu is part of the Prada Group, one of the world leaders in the luxury goods sector where it operates also with the Prada, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. Its products are sold in 70 countries worldwide through a network that included 491 directly operated stores (DOS) as of July 31, 2013, and a select network of luxury department stores, independent retailers and franchise stores.

    PRESS CONTACTS:

    MIU MIU:
    Miu Miu Press Office
    pressoffice@miumiu.com
    T : +39 02 3498121

    COTY INC.:
    Cysette Burset
    Vice President, Corporate Public Relation
    scysette_burset@cotyinc.com
    T : +1 212 479 4549
    F : +1 212 479 4357

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  • 2013-10-23 PRADA JOURNAL: A PLACE FOR NEW STORIES

    PRADA JOURNAL: a place for new stories

    On October 23rd 2013 in the New York Epicenter at 575 Broadway, Prada unveiled the winners ofthe Prada Journal literary contest.

    To mark this occasion, the Prada Epicenter store was transformed into a contemporary “theater of conversation and exchange”. The inspiration came from the classic literary salon. A three dimensional editorial experience about telling stories. The best environment for reading has been achieved by creating an echo optimized space using acoustic absorption panels and black carpet. A number of dedicated set up interventions transformed the space acoustically as well as visually. The lighting has been conceived as theatrical, dramatic, intimate, dark and warm.

    The contest, launched by Prada in partnership with Giangiacomo Feltrinelli on 18 April 2013, drew participation of new talents from all over the world.

    1.313 accepted the creative challenge and sent in their manuscripts to respond to the query posed by Prada Journal.

    “What are the realities that our eyes give back to us? And how are these realities filtered through lenses?”

    Mattia Conti, Leisl Egan, Angel Mario Fernández, Sarah Harris Waman and Peng Yang are the five winners who will receive the amount of 5000 Euro each.
    Prada and Feltrinelli will then publish the winner’s short stories as a digital book which will be available on prada.com within 2013.

    In a world of images, Prada emphasizes the strength of words: words sharply focused through the lenses of the Prada Journal optical collection. Thus, the glasses become a privileged tool to explore the surrounding reality and reformulate it in words.

    The Event began at 7pm when Jonathan Ames, Zoe Kazan, Anthony Mackie, Jay McInerney and Gary Shteyngart lent their voices to the winning stories during a reading moment. Oliver Platt was the master of ceremony.

    DJ Jeffrey Tonnesen animated the cocktail till late.

    Guests included Mamie Gummer, Paul Dano, Giovanna Battaglia, Zani Gugelmann, Christopher Bollen, Sofia Sanchez Barrenchea, Jessica Joffe, Meredith Melling, Michael Avedon, Valerie Boster and Olivier Rizzo.

    The Winning Authors

    Gli occhi di Malrico – Mattia Conti

    Malrico is short-sighted. So much so that he can’t see anything barely beyond his nose. Not even the pebble glasses his mother had worked so hard to give him were of any help. Then Teresa came. She, on the other hand, was long-sighted. Strangely, the two started seeing one another for no other reason other than they complemented each other. A tale that accompanies us from the main character’s childhood to his old age. A delicate story which, though succinct, succeeds in its intent of talking about a whole lifetime.

    Mattia Conti was born in 1989. He currently lives in Molteno in the province of Lecco, Italy. In 2011he won the Premio Campiello Giovani.

    Punchline - Leisl Egan

    Moptop, Poxy, Vladimir and Big Cheese: a group of clowns who put on shows that no one enjoys anymore. This tragic situation is made worse by Moptop’s fits of depression and the arrival of Moondust, whose performances overshadow the other characters. A story of dignity and lost love in which this motley troupe of actors tries desperately to show its audience an amazing reality. They’ll soon find out that there is no show more moving that true reality, seen and filtered through the only, powerful lens that can make it memorable: our heart.

    Leisl Egan was born in 1980. She lives in Melbourne, Australia, where she writes for television.

    Juan se fue a las estrellas - Angel Mario Fernández

    Carlitos is six and has lost his brother, Juan. When he asks his mother where he has gone she tell shim Juan flew to heaven on a pair of wings. Confused and full of questions, Carlitos spends his time asking himself where his brother could be, if he’s alone and if he really got to heaven. This marks the start of a tender journey in search of a path to the stars. With a mixture of innocence and tenderness, Carlitos walks through the wood behind his home, looking for the secret passage that will lead him to his brother.

    Angel Mario Fernández was born in Argentina in 1959. He lives in Soraluze, in the autonomous community of the Basque Country.

    One Car Hooks Into The Next and Pulls - Sarah Harris Wallman

    A train travels its route and observes its passengers as they get on and off. A silent, disillusioned commentator of human behaviour, its eyes see through the windows and register everything, even its passengers’ most intimate moments. An elegant woman and a businessman, in particular. A reflection on the fickleness of relationships seen through non-human eyes which nonetheless clearly see the pettiness of human mistakes.

    Sarah Harris Wallman was born in 1978 and is a university lecturer and writer. She lives in Connecticut, USA, where she teaches at Albertus Magnus College.

    Gray Story – Peng Yang

    A bizarre storm and a foundling. This is a story peppered with visionary descriptions, exchanges of letters and news articles. A summary of different viewpoints on the life of this little boy dumb from birth yet capable of weaving all kinds of wonderful animals and figures with his hands. As they punctuate the shows of a shadow theatre, these hands have the task of opening others’ eyes as they move elegantly through the languor of a rural setting where we see a floating barge moored in the river, night sky lanterns, bamboo canes and a cobalt moon.

    Peng Yang was born in 1984. He lives in Beijing, China, where he graduated from the Beijing Film Academy. He is a writer.

    The Journal Collection

    The new Prada Journal collection continues along the stylistic lines proposed in the previous season, carrying on the intimate, original narration of a world uniquely captured by lenses, and ultimately by one’s own eyes. The collection reinterprets the classic concept of eyeglasses transforming it into a style object that reflects the multiple facets of the intimate individual world.

    The Journal Collection develops around Prada’s desire to design eyewear capable of expressing individual personality and emphasizing individual style.

    The narration unwinds through two optical models that enrich the Journal Collection and provide fragments of reality with a sharp contour, rearranging them harmoniously with a new language. The women’s versions of the collection feature a sophisticated blend of classic and elaborate forms; in men’s versions, the geometry of the lines and the substantial volumes assert the distinctive character of Prada eyewear.

    The models that comprise the new Prada Journal collection were featured in the Prada Women’s and Prada Men’s advertising campaigns for the 2013 Fall/Winter season.

    VPR14Q – women’s model
    The Women’s optical model of the new Journal collection features a vaguely 50s elegance, with its square acetate front and slight hint of a cat’s eyes shape. Painstakingly finished and smoothed temples create a quasi-vintage 3D effect. Besides the classic Black and middle Tortoiseshell, the colour palette playfully combines Ivory, Cocoa and Purple fronts with Tortoiseshell temples in the Orchid, Sand-Dark Brown and Cocoa-Purple versions.

    VPR11Q – men’s model
    The Men’s of the new Journal collection combines a classic rectangular shape with the creative twist of bold acetate. The clean-shaped geometric temples feature a metal detail that highlights the Prada lettering logo. Along with classic Black and Tortoiseshell, the model is offered in the refined tones of Cocoa and Marbled Black. Exclusive silk-screen acetates with the hounds tooth print of the Prada Menswear FW13 collection enrich the insides of the temples in the black and cocoa variants.

    Prada Group
    The Prada Group is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 491 directly operated stores at July 31, 2013 and a select network of luxury department stores, independent retailers and franchise stores. Information on Prada Group is available at www.pradagroup.com.

    Giangiacomo Feltrinelli Editore S.r.l.
    The Giangiacomo Feltrinelli publishing house, established in 1955, is one of the leading Italian publishing organisations, with its over 8,000 catalogue titles, 270 new publications per year and an active booklist including about 3,000 titles.
    With its catalogue and its editorial selection, the publishing house aims at stating the continuity of its civil and political heritage, its taste and need for innovation, experimentation, openness towards new frontiers and new publishing adventures.
    Feltrinelli is proud of being the first Italian publisher of the most significant authors and books on the international scene; amongst others, the house publishes Nobel prize laureates Nadine Gordimer, Imre Kértesz, José Saramago, Doris Lessing, Herta Muller, Muhammad Yunus.
    Italian authors in the catalogue include Roberto Saviano, Antonio Tabucchi, Alessandro Baricco, Erri De Luca, Stefano Benni, Maurizio Maggiani, Cristina Comencini, Simonetta Agnello Hornby for fiction. In non-fiction, the main authors are Umberto Galimberti, Enrico Deaglio, Eugenio Borgna, Carlo Ginzburg, Massimo Recalcati.
    Besides its main non-fiction and fiction collections, and the paperback line Universale Economica Feltrinelli, in relatively recent years the publishing house enriched its production by adding travel fiction, children's fiction, miscellaneous fiction and home cinema series.

    Luxottica Group S.p.A.
    Luxottica Group is a leader in premium, luxury and sports eyewear with approximately 7,000 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin America and Europe, and a strong, well-balanced brand portfolio. Proprietary brands include Ray-Ban, the world’s most famous sun eyewear brand, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli and Arnette, while licensed brands include Giorgio Armani, Bulgari, Burberry, Chanel, Coach, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Starck Eyes, Tiffany and Versace. In addition to a global wholesale network involving 130 different countries, the Group manages leading retail chains in major markets, including LensCrafters, Pearle Vision and ILORI in North America, OPSM and Laubman & Pank in Asia-Pacific, LensCrafters in China, GMO in Latin America and Sunglass Hut worldwide. The Group's products are designed and manufactured at its six manufacturing plants in Italy, two wholly owned plants in the People’s Republic of China, one plant in Brazil and one plant in the United States devoted to the production of sports eyewear. In 2012, Luxottica Group posted net sales of more than Euro 7.0 billion. Additional information on the Group is available at www.luxottica.com.

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  • 2013-10-16 CHRISTMAS 2013: A JOYFUL OBSESSION BY PRADA IN PARTNERSHIP WITH PRINTEMPS PARIS

    Christmas 2013: A Joyful Obsession by Prada
    In partnership with Printemps Paris

    For Christmas 2013, Printemps, the iconic Parisian department store, has chosen to join forces with Prada to celebrate Christmas in its purest tradition. The project will be unveiled at the beginning of November.

    Prada and Printemps are re-interpreting and enchanting customers yet again with the essential and obsessional Christmas classics.

    The façades at Printemps Haussmann department store will showcase the magic of Christmas Eve: carried by his legendary reindeer, in a smoldering scattering of stars and snowflakes, Santa Claus takes off into the sky on his 16-metre sleigh and glides along the emblematic House of Savoy’s coat of arms and knotted rope of Prada that is draped elegantly across the façade.

    The Prada and Printemps “Joyful Obsession” Christmas will then take shape in eleven window displays on boulevard Haussmann, where tradition and originality mingle for a truly exceptional Christmas. Two of Prada’s renowned symbols - the chequered pattern and the teddy bear – will be showcased in a new and original concept.

    In the heart of the department store, the atrium will be transformed for the occasion in the traditional and surrealist re-interpretation of the Prada historic store in Milan Galleria Vittorio Emanuele II, playing host to all of the products designed exclusively by Prada for Printemps. A giant Advent calendar, in the style of traditional Italian architecture, will cover the main walls. The numbered windows will offer glimpses of animated mannequins as well as gift boxes made of the iconic Prada ‘saffiano leather’.

    The special designed collection will include sophisticated ready-to-wear, bags, accessories and shoes featuring exclusive prints and colors, as well as typical Christmas gifts such as original advent calendars, carillons, foulards, essences and candles.

    For further information:
    Prada Press Office
    +3902541921
    ufficio.stampa@prada.com

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  • 2013-10-02 MIU MIU WOMENSWEAR SS2014 FASHION SHOW

    MIU MIU WOMENSWEAR SS2014 FASHION SHOW

    On October 2, 2013 Miu Miu unveils its Spring/Summer 2014 Women’s collection in Paris. For the occasion, the monumental and rigorous ground floor of the Palais d’Iena is spontaneously occupied: an eclectic collection of devices and materials are freely distributed across the space, as a continuous unfolding of deconstructed domestic experiences. Materials such as vinyl, wood, plastic, carpet, foam overlap to the existing architecture in a multitude of forms and colors, cladding seats, tribunes, stairs, columns… while fantasy wallpapers border part of the perimeter of the existing spaces.

  • 2013-09-19 PRADA WOMENSWEAR SS2014 FASHION SHOW

    PRADA WOMENSWEAR SS2014 FASHION SHOW

    On September 19, 2013 Prada unveils its Spring/Summer 2014 Women’s collection in the Via Fogazzaro show space in Milan and presents “In the Heart of the Multitude”, a new project in the long tradition of creative collaborations. Prada invited muralists Miles “El Mac” MacGregor, Mesa, Gabriel Specter and Stinkfish, and illustrators Jeanne Detallante and Pierre Mornet to engage themes of femininity, representation, power and multiplicity on the walls of the show space.

  • 2013-09-17 PRADA GROUP APPROVES ITS INTERIM REPORT AT JULY 31, 2013: REVENUE AND PROFIT GROWTH

    PRADA GROUP APPROVES ITS INTERIM REPORT AT JULY 31, 2013: REVENUE AND PROFIT GROWTH

    Consolidated net revenues of € 1,728.1 million, +11,7% EBITDA of € 551.1 million, +17.4%
    EBIT of € 458.3 million, +16.1%
    Group Net Income of € 308.2 million, +7.6%
    Net financial position shows net cash of € 195.6 million

    Milan, September 17, 2013 – The Prada SpA Board of Directors today examined and approved the interim report for the six months ended July 31, 2013.

    CONSOLIDATED NET REVENUES totaled € 1,728.1 million, an 11.7% increase (+14.8% at constant exchange rates) on the € 1,547.4 million reported in the first half of 2012.

    EBITDA amounted to € 551.1 million – reaching 31.9% of consolidated net revenues – and increased by 17.4% compared to the first half of 2012.

    EBIT stood at € 458.3 million - or 26.5% of consolidated net revenues – with a 16.1% increase on the first half of 2012.

    NET INCOME totaled € 308.2 million, 17.8% of consolidated net revenues.

    Distribution channels

    Sales by Directly Operated Stores (491 DOS at July 31, 2013) totaled € 1,422.5 million with a significant 15.7% increase compared to the first half of 2012 (+19.5% at constant exchange rates).

    Meanwhile the wholesale channel with sales of € 285.1 million at July 31, 2013 recorded a 3.3% decrease (- 2.7% at constant exchange rates), as a result of the selective strategy the Group has been following for some years now. Once more, in the first half of 2013, this strategy led to a significant reduction in the number of wholesale partners.

    Markets
    Asia Pacific – and Greater China, in particular – have recorded above average revenue growth of 17.9% (+18.7% at constant exchange rates).

    In the Americas, revenue growth, +13.4% (+15.9% at constant exchange rates), was achieved thanks to the retail channel, which marked an acceleration compared to the first quarter.

    Revenue growth of 5.6% has been achieved on the European market (+6.6% at constant exchange rates), but with contrasting performances in the two distribution channels: sales through the retail network recorded double digit growth, largely thanks to a strong flow of travelers/tourists, while the wholesale channel saw a drop in revenues.

    Sales in Japan accelerated in the second quarter to a 16.4% revenue growth, at constant exchange rates, though the ongoing weakness of the Yen meant that Euro revenues actually fell.

    Brands

    The Prada brand again enjoyed solid, double digit growth of 14.3% (+17.4% at constant exchange rates). Revenue growth was also achieved by Miu Miu, +4.1% (+8.2% at constant exchange rates) and Church’s, +5.4% (+8% at constant exchange rates). Meanwhile, Car Shoe revenues fell, largely because of the decline of the wholesale channel.

    Investment

    During the period capex, totaling Euro 293 million, was mainly invested in the retail segment to open new stores and to expand and renovate existing ones.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa commented: “We are satisfied with the results achieved in the first half of 2013: revenues have increased in all geographical areas where the Group operates and we have further improved our operating margins. Our business model, based on a balanced global geographical presence and on the strength of our brands, has enabled us effectively to face the challenges thrown down by an international economic environment which remains uncertain and extremely volatile. The objectives achieved to date, the flexibility of our organizational structure and constant monitoring of the markets mean we can look ahead with confidence to the near future”.

    For further information, please contact:

    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 491 directly operated stores (DOS) at July 31, 2013 and a select network of luxury department stores, independent retailers and franchise stores.

     

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  • 2013-09-11 MIUCCIA PRADA AND CATHERINE MARTIN DRESS GATSBY EXHIBITION IN SHANGHAI

    Costumes designed by Miuccia Prada and Catherine Martin for Baz Luhrmann’s upcoming film ‘The Great Gatsby’ are now on display in Shanghai.

    The travelling exhibition - titled Catherine Martin and Miuccia Prada Dress Gatsby - at the Prada IFC store includes women’s gowns, dresses, hats, shoes and jewelry by Prada and Miu Miu as well as sketches, production stills, backstage footage and film trailers.

  • 2013-08-29 THE WOMEN’S TALES AT THE VENICE FILM FESTIVAL’S GIORNATE DEGLI AUTORI

    THE WOMEN’S TALES AT THE VENICE FILM FESTIVAL’S GIORNATE DEGLI AUTORI

    The latest two short films in Miu Miu’s acclaimed series, the Women’s Tales, premiere as part of the Venice Film Festival’s Giornate degli Autori – Venice Days program on August 29th, 2013. The latest films are The Door, directed by Ava DuVernay and Le Donne della Vucciria, directed by Hiam Abbass.

    To complete the program, a series of talks - devoted to the theme of female creativity – will be held in the following two days (August 30 and August 31).

    The three conversations cover different creative stages in filmmaking: directing (The Creativity of Seeing), production (The Creativity of Producing), and acting (The Creativity of Acting). For the first, Hiam Abbass and Ava DuVernay "face off" against their actor counterparts Gabrielle Union and Roberto Zibetti (the only male participant in the project). For the second, insiders eagerly await the talk between Jules Daly (producer of The Door and The A-Team, among others) and Sue Kroll (President of Worldwide Marketing and International Distribution for Warner Bros. Pictures). Lastly, two actresses such as Freida Pinto (of the marvellous turn in Danny Boyle’s Slumdog Millionaire) and Michelle Dockery (a household name thanks to her role as Mary Crawley in the award-winning TV series Downton Abbey).

    www.miumiu.com

  • 2013-08-08 PRELIMINARY SALES FIGURES FIRST HALF OF FINANCIAL YEAR 2013

    PRELIMINARY SALES FIGURES

    FIRST HALF OF FINANCIAL YEAR 2013

    Prada Group continues to achieve growth: +15% at constant exchange rates

    Milan, August 8th 2013

    The Prada Group confirmed its strong rate of growth in the first half of financial year 2013, in line with the positive trend seen in the first quarter.

    Consolidated net revenues at July 31, 2013 amounted to Euro 1,727 million, an 11.6% increase on Euro 1,547 million for 1H12.

    At constant exchange rates, there was 14.8% growth.

    Distribution channels

    Sales through directly operated stores reached Euro 1,422 million, an increase of 15.6% (+19.5% at constant exchange rates) thanks to both newly opened stores and Same Store Sales Growth (SSSG) of +7%.

    Meanwhile, the wholesale channel recorded a 3.5% drop in sales (-3% at constant exchange rates) after the selective strategy adopted by the Group which led to a reduction in the number of wholesale partners by more than one hundred.

    Markets

    Growth was well balanced across all geographical areas:

    - the Asia Pacific market grew by 17.7% (+18.6% at constant exchange rates) with a significant contribution made by Greater China,

    - the Americas market recorded 13.5% growth (+16% at constant exchange rates), thanks to the excellent results achieved in the retail channel,

    - the European market was boosted, above all, by the high number of tourists and achieved 5.7% growth (+6.7% at constant exchange rates) with the retail channel in line with 1Q13, which recorded double digit growth,

    - the Japanese market recorded 16.4% growth at constant exchange rates, though this was not reflected in its Euro equivalent sales because of the persistent weakness of the yen.

    Brands

    The Prada brand recorded further growth of 14.3% (+17.3% at constant exchange rates). Miu Miu, +3.7% (+7.8% at constant exchange rates) and Church’s +5.1% (+8.3% at constant exchange rates) also performed well, while the revenues of Car Shoe fell because of the overall reduction in the wholesale channel.

    In the first half of financial year 2013, the Group continued to expand its retail network, opening 30 new stores (net) and taking the total number of DOS (Directly Operated Stores) to 491 at the end of July 2013: 301 Prada stores, 133 Miu Miu stores, 49 Church’s stores and 8 Car Shoe stores.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa, commented: “In an increasingly more extensive and global market for luxury goods and in an extremely volatile international economic environment, the Prada Group continues to achieve strong growth, proceeding with conviction and determination along its chosen path of development. We shall continue to base our long term growth strategy on the balanced international expansion of our retail network, achieving efficiency in all areas and constantly seeking quality and stylistic innovation”.

    Full results for the first half of financial year 2013 will be announced upon approval by the Board of Directors at a meeting provisionally scheduled for September 17, 2013.

    For further information, please contact:

    Prada Press Office
    Tel. 02.541921
    e-mail: ufficio.stampa@prada.com

    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrance and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 491 directly operated stores (DOS) at July 31, 2013 and a select network of luxury department stores, independent retailers and franchise stores.

     

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  • 2013-06-11 PRADA SPA APPROVES GROUP RESULTS FOR FIRST QUARTER OF 2013: POSITIVE TREND OF GROWTH CONFIRMED

    PRESS RELEASE

    PRADA SPA APPROVES GROUP RESULTS FOR FIRST QUARTER OF 2013: POSITIVE TREND OF GROWTH CONFIRMED

    CONSOLIDATED NET REVENUES of Euro 782 million, +14%
    EBITDA of Euro 241 million, +20%
    EBIT of Euro 196 million, +19%
    NET INCOME of Euro 138 million, +14%
    Positive NET FINANCIAL POSITION of Euro 360.5 million

    Milan, June 11, 2013 – The Prada spa Board of Directors today reviewed and approved the consolidated results for the quarter ended April 30, 2013 which show steady revenue and earnings growth.

    Consolidated net revenues amounted to Euro 782.3 million, a 13.9% increase (+15.2% at constant exchange rates) on the Euro 686.7 million reported for 1Q12.

    EBITDA amounted to Euro 240.8 million, a 20.4% increase on 1Q12, and represented 30.8% of consolidated net revenues.

    EBIT amounted to Euro 195.7 million and represented 25% of consolidated net revenues, improved from 24% reported in 1Q12.

    Net income increased by 13.5% from Euro 121.7 million in 1Q12 to Euro 138.2 million in 1Q13.

    The positive Net Financial Position improved to Euro 360.5 million from Euro 312.6 million at January 31, 2013.

    Analysis of revenues

    Distribution channels

    Revenues for the quarter followed contrasting trends in the two main distribution channels. Sales through Directly Operated Stores (462 DOS at April 30, 2013) amounted to Euro 678.7 million and increased by 19.1% (+20.8% at constant exchange rates); they were also sustained by solid Same Store Sales Growth of +8%. Meanwhile, sales in the wholesale channel fell by 9.4%, in line with expectations and as a result of the selective approach to independent customers.

    Markets

    The Asia Pacific market grew by 24.8% (+23.1% at constant exchange rates) thanks to the strong contribution of Directly Operated Stores in Greater China.

    A similar trend was seen in the Americas with +23% growth at constant exchange rates. In the Americas, growth in the retail channel was accompanied by a healthy increase in the wholesale channel, confirming the strength of the US market.

    The European market remained broadly unchanged (+1.3% growth at constant exchange rates) with contrasting dynamics in each of the two main distribution channels: sales through the retail network, primarily boosted by the healthy flow of travelers, continued to enjoy double figure growth while the wholesale channel recorded a significant drop in revenues.

    The Japanese market recovered well with revenue growth of 12.2% at constant exchange rates, though the weakening of the Yen resulted in a 1.8% drop in revenues in Euro.

    Brands

    The Prada brand achieved +18% revenue growth (+19.1% at constant exchange rates), confirming its solidity. Miu Miu also performed well with +5% growth (+7.4% at constant exchange rates) as did Church’s with a +2.8% increase (+4.7% at constant exchange rates). However, the revenues of Car Shoe fell because of the overall reduction in the wholesale channel.

    Products

    Revenues from sales of leather goods again grew strongly with a +29% increase and reached almost 70% of consolidated net revenues for the quarter. Meanwhile, apparel and footwear, more exposed to the wholesale channel, recorded revenue decreases of 5.1% and 12.2%, respectively.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa, commented: “In an international economic environment that remains extremely volatile and uncertain, the Prada Group has recorded another highly positive quarter, continuing along is path of development founded on solid and lasting growth. In 2013, we will again concentrate on the international expansion of our retail network but without moving away from tight control over costs and working capital, also in order to safeguard our cash flow generation”.

    For further information, please contact:
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 462 directly operated stores (DOS) at April 30, 2013 and a select network of luxury department stores, independent retailers and franchise stores.

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  • 2013-05-07 CAR SHOE PRODUCES A LIMITED EDITION OF THE FAMED MOCCASIN FOR THE 50TH ANNIVERSARY OF LAMBORGHINI

    Car Shoe produces a limited edition of the famed moccasin for the 50th anniversary of Lamborghini

    Sant'Agata Bolognese, May 7th 2013. Car Shoe (Gruppo Prada), the celebrated italian that was started in 1963, is honoring the 50th anniversary of Automobili Lamborghini by producing a limited edition of their famous moccasin: a metal logo of the 50th anniversary features on the lace and the Lamborghini shield is enameled on the back and printed on the insole.

    A shoe that best expresses the italian craftsmanship, revisited to underline both brands anniversary.

    The new moccasin for the Lamborghini Grande Giro tour, is a shoe giving excellent comfort and practicality. Made entirely by hand, it is made of “toro“ calf leather with contrasting laces and leather soles with rubber studs. The driving shoe retains all the features that distinguished this moccasin over the last fifty years: the shoe sole is perforated to complement the rubber studs made with tire tread compound.

    This commemorative moccasin will be given to all the drivers and staff participating in the Lamborghini Grande Giro, where the crews of 350 Lamborghini cars will drive 1200 km through Italy from May 7th to 11th.

    The loafer is available in different colors and presented in a refined packaging, with Car Shoe and Lamborghini dual branding and will be sold in all the Car Shoe flagship stores and online through the e-commerce website.

    CAR SHOE was established in Italy in 1963 by the creative artisan Gianni Mostile. His passion for race-cars and hand-made shoes sparked the invention of a moccasin with a sole set on tiny rubber nubs, which earned him a patent from the Italian Ministry of Industry and Trade as well as a large group of sophisticated connoisseurs, both in Italy and abroad (Giovanni Agnelli, JFK, Roberto Rossellini, Lapo Elkann among the others). PRADA Group took over the stake of Car Shoe in 2001 and has, since then, aimed to invest in the future of the brand by focusing on its historic values of quality and innovation.

    Car Shoe press office
    Tel. +39.02.541921
    pressoffice.carshoe@prada.com

    Milano, May 7th 2013

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  • 2013-04-18 PRADA, IN KEEPING WITH THE BRAND'S INNOVATIVE SPIRIT, LAUNCHES A LITERARY CONTEST IN COOPERATION WITH GIANGIACOMO FELTRINELLI EDITORE

    PRADA JOURNAL: a place for new stories

    18 April 2013 – Prada, in keeping with the brand's innovative spirit, launches a literary contest in cooperation with Giangiacomo Feltrinelli Editore.

    As it spans across fashion and literature, Prada continues in a quest for new talents, with Feltrinelli Editore contributing to the house with its fifty years of publishing experience. This prompts the search for new artists who can see the world with a unique, rare gaze.
    The literary contest also stems from the curiosity to explore innovative languages by means of forms of expression leading to the written word, thus creating an independent platform of interest and an unprecedented reserve for literary research.

    “What are the realities that our eyes give back to us? And how are these realities filtered through lenses?”

    By using the metaphor of prescription glasses, Prada enters a world made of written words, rather than spoken, thus launching a challenge to explore and enhance the individual interpretation of reality. Optical frames become an opportunity and a tool to investigate diverse creative worlds: a preferred channel and a window on our world, and - why not - on new potential worlds.

     

     

    The contest opens today, April 18, and it will close on June 18.

    All information on Prada.com/journal

     

     

    Prada Group
    The Prada Group is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 461 directly operated stores at January 31, 2013 and a select network of luxury department stores, independent retailers and franchise stores. Information on Prada Group is available at www.pradagroup.com

    Giangiacomo Feltrinelli Editore S.r.l.
    The Giangiacomo Feltrinelli publishing house, established in 1955, is one of the leading Italian publishing organisations, with its over 8,000 catalogue titles, 270 new publications per year and an active booklist including about 3,000 titles.
    With its catalogue and its editorial selection, the publishing house aims at stating the continuity of its civil and political heritage, its taste and need for innovation, experimentation, openness towards new frontiers and new publishing adventures.
    Feltrinelli is proud of being the first Italian publisher of the most significant authors and books on the international scene; amongst others, the house publishes Nobel prize laureates Nadine Gordimer, Imre Ke?rtesz, Jose? Saramago, Doris Lessing, Herta Muller, Muhammad Yunus. Italian authors in the catalogue include Roberto Saviano, Antonio Tabucchi, Alessandro Baricco, Erri De Luca, Stefano Benni, Maurizio Maggiani, Cristina Comencini, Simonetta Agnello Hornby for fiction. In non-fiction, the main authors are Umberto Galimberti, Enrico Deaglio, Eugenio Borgna, Carlo Ginzburg, Massimo Recalcati.
    Besides its main non-fiction and fiction collections, and the paperback line Universale Economica Feltrinelli, in relatively recent years the publishing house enriched its production by adding travel fiction, children's fiction, miscellaneous fiction and home cinema series.

    Luxottica Group S.p.A.
    Luxottica Group is a leader in premium, luxury and sports eyewear with approximately 7,000 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin America and Europe, and a strong, well-balanced brand portfolio. House brands include Ray-Ban, the world’s most famous sun eyewear brand, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli, Arnette and REVO, while licensed brands include Giorgio Armani, Bvlgari, Burberry, Chanel, Coach, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Starck Eyes, Tiffany and Versace. In addition to a global wholesale network involving 130 different countries, the Group manages leading retail chains in major markets, including LensCrafters, Pearle Vision and ILORI in North America, OPSM and Laubman & Pank in Asia-Pacific, LensCrafters in China, GMO in Latin America and Sunglass Hut worldwide. The Group's products are designed and manufactured at its six manufacturing plants in Italy, two wholly owned plants in the People’s Republic of China, one plant in Brazil and one plant in the United States devoted to the production of sports eyewear. In 2012, Luxottica Group posted net sales of more than €7.0 billion. Additional information on the Group is available at www.luxottica.com

    Safe Harbor Statement
    Certain statements in this press release may constitute “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those which are anticipated. Such risks and uncertainties include, but are not limited to, the ability to manage the effects of the current uncertain international economic outlook, the ability to successfully acquire and integrate new businesses, the ability to predict future economic conditions and changes to consumer preferences, the ability to successfully introduce and market new products, the ability to maintain an efficient distribution system, the ability to achieve and manage growth, the ability to negotiate and maintain favourable license agreements, the availability of correction alternatives to prescription eyeglasses, fluctuations in exchange rates, changes in local conditions, the ability to protect intellectual property, the ability to maintain relations with those hosting our stores, computer system problems, inventory-related risks, credit and insurance risks, changes to tax regimes as well as other political, economic and technological factors and other risks and uncertainties referred to in Luxottica Group’s filings with the U.S. Securities and Exchange Commission. These forward looking statements are made as of the date hereof and Luxottica Group does not assume any obligation to update them.

    Info:

    Ufficio Stampa Prada
    Ph. +39 02 54 19 21
    ufficio.stampa@prada.com
    Ufficio Stampa Luxottica
    Ph. +39 02 86 33 46 33
    cristina.parenti@luxottica.com

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  • 2013-04-05 THE PRADA GROUP APPROVES ITS 2012 ANNUAL REPORT: REVENUES AND EARNINGS GROWTH

    PRESS RELEASE 

    THE PRADA GROUP APPROVES ITS 2012 ANNUAL REPORT:

    REVENUES AND EARNINGS GROWTH  

     

    Consolidated net revenues of Euro 3,297.2 million, +29%

    EBITDA of Euro 1,052.5 million, +38.6%

    EBIT of Euro 889.8 million, +41.5%

    Net income of Euro 625.7 million, +44.9%

    Positive net financial position of Euro 312.6 million

    Further retail network expansion with 78 new DOS opened during the year

    461 DOS at January 31, 2013

     

    Milan, April 5, 2013 – The Prada Spa Board of Directors met today to review and approve the separate financial statements of Prada Spa and the consolidated financial statements for the year ended January 31, 2013.  

    During the year, the Prada Group continued along its path of growth based on expanding the network of Directly Operated Stores (DOS): the 78 DOS opened during the year, along with major refurbishment and extension of existing stores, not only strengthened the Group’s position on traditional markets but also extended its presence in new, fast growing countries. The Prada Group confirmed its position to the fore of the luxury goods segment with revenues in excess of Euro 3 billion and earnings among the highest in the sector.  

    Consolidated net revenues totaled Euro 3,297.2 million, a 29% increase (+23% at constant exchange rates) on the Euro 2,555.6 million reported for 2011.  

    EBITDA reached Euro 1,052.5 million, represented 31.9% of consolidated net revenues and increased by 38.6% on 2011.  

    EBIT amounted to Euro 889.8 million, represented 27% of consolidated net revenues and increased by 41.5% on 2011.  

    Net income increased by 44.9% from Euro 431.9 million in 2011 to Euro 625.7 million in 2012 and represented 19% of consolidated net revenues.

    The net financial position was positive and improved from Euro 13.6 million at February 1, 2012 to Euro 312.6 million at January 31, 2013 thanks to strong cash flow generation which also funded capital expenditure and dividend payments to the shareholders.  

    Earnings per share increased by 41% from Euro 0.17 in 2011, to Euro 0.24 in 2012.  

    The Board proposes payment of a dividend of Euro 0.09 per share. This proposal will be subject for approval to the Shareholders’ General Meeting convened on May 23 2013, in Milan.  

    Analysis of Revenues

    Distribution channels

    In line with the Group’s distribution strategy, in 2012 the retail channel again made the greatest contribution to revenue growth. DOS sales generated revenues of Euro 2,664.2 million, a 35.6% increase on prior year (+28.6% at constant exchange rates) thanks to the contributions made by both new stores and existing stores. In 2012, the retail channel represented 81.8% of the Group’s consolidated net revenues, compared to 77.9% in 2011.  

    The wholesale channel generated net revenues of Euro 592.2 million, an increase of 6% (+2.9% at constant exchange rates), notwithstanding the decision to reduce the number of independent customers also following the opening of new DOS.  

    Royalties income also grew by 26.4% mainly thanks to the launch of the new Prada by LG cell phone which, with more than half a million units sold, confirms Prada’s continuing status as a benchmark for innovation and design.

    Markets

    Double-digit growth was achieved on all markets with an increasingly important role played by Asia Pacific where revenues increased by 32.9% compared to 2011 (+22.7% at constant exchange rates) to reach Euro 1,160.2 million.  

    The increase achieved in Europe, +28.6% (+27.2% at constant exchange rates) was also very significant. Healthy growth rates were also recorded on other markets: the Americas +23.3%, (at constant exchange rates +14.8%) and even Japan which remains a solid market with a 14.2% increase (+ 7.9% at constant exchange rates).  

    The contribution made by the Middle East to the Group’s revenues is becoming important – 11 DOS have been opened in the last two years and the market generated net revenues of Euro 45 million in 2012.  

    Brands and products

    All of the Group’s brands and product categories performed well. Leather goods registered revenue growth of 42.7%, clothing and footwear increased by 9.9% and 11.7%, respectively.  

    Patrizio Bertelli, Chief Executive Officer of Prada Spa, commented “ The year 2012 saw the Group set new records in terms of revenues and earnings. Based on these results and a sound equity and financial structure, we will proceed along our path of growth with further investment on retail network expansion, confident that, general economic uncertainty notwithstanding, the work that has been done over the past few years has laid the foundations for the future success of our business.”  

    For further information: 
    Prada Press Office
    Tel. +39.02.541921
    e-mail: ufficio.stampa@prada.com

    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 461 directly operated stores (DOS) at January 31, 2013 and a select network of luxury department stores, independent retailers and franchise stores.

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  • 2013-02-19 PRELIMINARY SALES FIGURES FOR FINANCIAL YEAR 2012

    PRESS RELEASE
     
    PRELIMINARY SALES FIGURES FOR FINANCIAL YEAR 2012
     
     
    A year of strong growth for the Prada Group:
    consolidated revenues up by 29% to Euro 3,297 million
     
     
    Milan, February 19th, 2013
     
    - Prada Group net revenues for financial year 2012, ended January 31 2013, amounted to Euro 3,297 million, a 29% increase on financial year 2011.
     
    At constant exchange rates, the Group enjoyed sales growth of 23%.
     
    - Retail channel sales now represent 82% of total sales and amounted to Euro 2,664 million, a 36% increase on 2011 (+29% at constant exchange rates). New stores contributed towards this growth as did existing stores, with Same Store Sales Growth – at constant exchange rates – standing at 14%.
     
    - Wholesale sales grew by 6% even though the number of indirect points of sale decreased following an increase in the number of newly opened retail stores.
     
    All geographical areas contributed towards the Group’s sales growth:
     
    - Italy +19%
     
    - Rest of Europe +36% (+33% at constant exchange rates)
     
    - Asia Pacific +33% (+23% at constant exchange rates)
     
    - Americas +23% (+15% at constant exchange rates)
     
    - Japan +14% ( +8% at constant exchange rates)
     
    - The growth of the business was driven mainly by the Prada and Miu Miu brands which enjoyed sales increases of 33% and 16%, respectively.
     
    Notwithstanding the decision to significantly reduce sales at mark-down in the last weeks of the financial year, growth in the fourth quarter stood at +14%, at constant exchange rates.
     
    In financial year 2012, in line with its strategy, the Group continued to expand its retail network, opening 78 new stores and taking the total number of DOS (Directly Operated Stores) to 461 at the end of January, including 283 Prada stores, 126 Miu Miu stores, 45 Church’s stores and 7 Car Shoe stores.
     
    Patrizio Bertelli, Chief Executive Officer of Prada Spa, commented “In a year characterized by a particularly difficult international economic environment, our Group has made further important progress along its path of growth, consolidating its position at the head of the luxury goods sector. The strength of our brands, our ability to interpret and anticipate market trends and our global retail network continue to form the basis for our long-term growth strategy”.
     
    The audited consolidated results of the Group for the financial year ended January 31, 2013 are tentatively scheduled to be announced by the Company on April 5.
     
    For further information, please contact:
     
    Prada spa
    Luca Grassis
    +39 02 55028933
    luca.grassis@prada.com

     

    luca.grassis@prada.com
     
    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 461 directly operated stores (DOS) at January 31, 2012 and a select network of luxury department stores, independent retailers and franchise stores.
    PDF
  • 2013-02-14 WITH THE 14TH EXCLUSIVE SCENT REACHING ITS STORES, PRADA PRESENTS THE WEB APPLICATION DEDICATED TO “ROSSETTO”

    EXCLUSIVE SCENTS BY PRADA


    SCENT N°14
    ROSSETTO


    Milano, Italy, 14 February 2013 - With the 14th exclusive scent reaching its stores, Prada presents the web application dedicated to “Rossetto”.


    A digital project born from the collaboration with Michael Rock and New York's studio 2x4. A platform that will allow users to create their own moodboard starting from the suggestion of different backdrops where iconography and graphics with different references are applied. All in line with the user's creativity and taste and - of course - signed off with the graphics of the new Prada fragrance, red lips.

    The artwork that will be put together by users on the www.prada.com/rossetto platform will be sharable on all the main social networks; Prada itself may publish the best works on its website or social media platforms.

     

    EXCLUSIVE SCENTS BY PRADA
    LANCIATI NEL 2003

    SCENT N°14
    ROSSETTO

     

    TRUE CRAFTSMANSHIP. UNCOMPROMISED QUALITY. MODERN SENSIBILITY.

    INNOVATIVE FROM ITS OUTSET, THE PRADA EXCLUSIVE SCENTS COLLECTION IS AN EVER-EVOLVING NARRATIVE. A THOUGHT PROVOKING, CONTEMPORARY OLFACTORY PROPOSITION, WHICH IN PART CONSIDERS THE PAST, BUT IS RESOLUTELY MODERN.
    THE DISTINCTIVE COLLECTION, CREATED BY AND FOR MIUCCIA PRADA WITH PERFUMER DANIELA ANDRIER, QUIETLY YET CONFIDENTLY, LAUNCHED IN 2003 WITH AN UNCOMPROMISING FOCUS ON THE ABSOLUTE BEST, PUREST AND CONTEMPORARY INGREDIENTS IN THE MOST INNOVATIVE OF CONSTRUCTIONS. THESE ARE ESPECIALLY RARE, PIONEERING FRAGRANCES THAT DO NOT CONFORM TO TYPICAL PYRAMID STRUCTURES OR CONSTRAINTS OF MASS APPEAL. EACH CREATION, A PARFUM – THE ESSENCE OF A FRAGRANCE AT ITS HIGHEST CONCENTRATION, IS ABOUT ARTISTRY AND TRUTH THROUGH INNOVATION. WITH EACH SCENT, THE DECONSTRUCTION OF PERFUMERY CONVENTIONS AND OUR RELATED NOTIONS OF BEAUTY CONTINUES.
    THIS COMPELLING BODY OF WORK BEGAN WITH FOUR EXPRESSIVE FRAGRANCES: N°1 IRIS (IRIS), N°2 OEILLET (CARNATION), N°3 CUIR AMBRE (AMBER LEATHER) AND N°4 FLEUR D’ORANGER (ORANGE BLOSSOM). THREE NEW ADDITIONS: N°12 NARCISO (NARCISSUS), N°6 TUBEREUSE (TUBEROSE), AND N°7 VIOLETTE (VIOLET) WERE INTRODUCED IN 2006 THUS FURTHER SETTING A NOTED PRECEDENT IN PERFUMERY.A SUBSEQUENT CHAPTER INCLUDING N°8 OPOPONAX, N°9 BENJOIN (BENZOIN) AND N°10 MYRRHE (MYRRH) SOON FOLLOWED IN 2007. ALL THE WHILE, ADHERING TO THE PREMISE THAT THE PRADA EXCLUSIVE SCENT COLLECTION IS A ‘WORK IN PROGRESS’, WHICH ENCOURAGES EXPERIMENTATION AND PERSONALIZATION, LEFT OPEN TO INTERPRETATION. N°11 CUIR STYRAX JOINED IN 2011 AND IN 2012, PRADA EXCLUSIVE SCENTS INTRODUCES PERHAPS THE MOST INTRIGUING, INNOVATIVE AND CONTEMPORARY YET, N°14 ROSSETTO INTO ITS CAREFULLY CURATED ARCHIVE.
    N°14 ROSSETTO IS PERTINENTLY FOUNDED ON THE MOST FEMININE DEVICE THAT IS LIPSTICK. IT IS A FRAGRANCE INFORMED BY LAYERS OF REFERENCE BUT CONSIDERED IN A MODERN CONTEXT. AND WHILST N°14 ROSSETTO MIGHT BE EVOCATIVE OF A BYGONE ERA, WITH ITS CLASSIC INCLUSION OF VIOLET AND ROSE, IT IS ITS SYNTHETIC ACCORDS, PROUDLY FEATURING FOR THE FIRST TIME IN THE EXCLUSIVE SCENTS COLLECTION, OF RASPBERRY AND LIPSTICK THAT INGENIOUSLY GIVE THIS PERFUME ITS MODERN SENSIBILITY.

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  • 2013-02-11 “THE DOOR”, NEW SHORT FILM BY AVA DUVERNAY IS NOW ON MIUMIU.COM

    #5

    THE DOOR

    DIRECTED BY AVA DUVERNAY

    The Door, a new short film by Ava DuVernay, is a celebration of the transformative power offeminine bonds, and a symbolic story of life change.

    It is the fifth in Miu Miu’s series of short films by distinctive international female directors,following The Powder Room, by Zoe Cassavetes; Muta, by Lucrecia Martel; The WomanDress, by Giada Colagrande and It’s Getting Late, by Massy Tadjedin. This highly creative filmplatform places a female point of view at the heart of the cinematic journey, using fashion toexplore political ideas as well as creative storytelling.

    «Every time a woman makes a film it is a political act, in my view, whether we mean it to be ornot» states DuVernay. «Films by women - whether comedy or drama, documentary or narrative- illustrate the human experience through a woman’s voice, through a woman’s eyes, through awoman’s creativity. Experiences which are often marginalized, fabricated or simply ignored. Ithink what Miu Miu is doing with this film series is wonderfully radical.»

    The symbolic centre of The Door is the front entrance of the protagonist’s home. As sheopens it to greet a friend in the powerfully framed opening scenes, she is shrouded inan oblique sadness. “In the film, characters arrive at the door of a friend in need, bringingsomething of themselves,” explains DuVernay. “Eventually, we witness our heroine ready towalk through the door on her own. The door in the film represents a pathway to who we are.

    ”Clothing is also a symbol of renewal, each change of costume charting our heroine’semergence from a chrysalis of sadness. In the final scenes, she takes off her ring, pulls onlong, black leather gloves, and walks, transformed by the emotive power of the clothing,through the door. “I felt the Miu Miu collection was infused with both a strength andvulnerability that was very beautiful. I let that idea guide me through the writing and productionprocess,” the director says.

    Ava Marie DuVernay’s films delve into the complex interior lives of women. She was the firstAfrican-American woman to win the Best Director Prize at Sundance Film Festival, for hersecond feature, Middle of Nowhere, in 2012. The Door stars Gabrielle Union, Alfre Woodard,Emayatzy Corinealdi, Adepero Oduye and singer-songwriter Goapele.

    For further information:
    Press Office Miu Miu
    Tel +39 02 3498121
    E-mail: pressoffice@miumiu.com

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  • 2012-12-06 PRADA SPA APPROVES GROUP RESULTS FOR THE FIRST NINE MONTHS OF 2012

     

     

    PRADA SPA APPROVES GROUP RESULTS FOR THE FIRST NINE MONTHS OF 2012

    CONSOLIDATED NET REVENUES of € 2,339.3 million, + 35% EBITDA of € 727.9 million, + 50%
    EBIT of 
    € 612.5 million, +56%
    NET INCOME of 
    € 408.6 million, +50%

    Milan, December 6 2012 – The Prada SpA Board of Directors today examined and approved the Interim Consolidated Report for the nine months ended October 31, 2012 which confirmed the Group’s ability to maintain excellent rates of growth.

    CONSOLIDATED NET REVENUES amount to € 2,339 million, up by 35% (+27% at constant exchange rates) on the € 1,730 million reported for the first nine months of prior year and confirming the trend already seen in the first half of the year.

    EBITDA, representing 31% of consolidated net revenues, reached € 727.9 million with a 50% increase on 2011.

    EBIT amounts to € 612.5 million, 26% of consolidated net revenues and up by 56% on the first nine months of prior year.

    NET INCOME has increased by 50% from € 273.2 million in 2011 to € 408.6 million and represents 17.5% of consolidated net revenues.

    The net financial position is positive and has improved from Euro 14 million at the start of February to Euro 211 million, benefiting from strong cash generation which has also made it possible to finance capex for the period and distribute dividends totaling Euro 131 million to the shareholders. 

    Analysis of revenues

    Distribution channels

    In line with the strategy pursued by the Group for several years now, in the first nine months of 2012, the retail channel again made the greatest contribution towards revenue growth. Sales made by Directly Operated Stores generated revenues of Euro 1,917 million, a 43% increase (+34% at constant exchange rates). Revenue growth has been achieved by both new stores – 63 new stores have opened in the last 12 months – and existing stores which, at constant exchange rates, have continued to register strong growth : +18%, Same Store Sales Growth.

    The wholesale channel generated net revenues of €390 million and a 6% increase on prior year.

    Brands

    All of the Group’s brands performed well, especially Prada which enjoyed 39% growth. Meanwhile, Miu Miu grew by 21%, Church’s by 15% and Car Shoe by 8%.

    Markets

    Double digit growth – also at constant exchange rates – was achieved on all markets including Europe where revenues grew by 33% (+32% at constant exchange rates) thanks to the steady flow of tourists and Asia Pacific where revenues increased by 41% (+28% at constant exchange rates). Highly positive results were also achieved on the American market with revenues up by 28% (+16% at constant exchange rates) and in Japan where revenues grew by 27% (+15% at constant exchange rates).

    Products

    Leather goods grew by 51% and now account for 63% of consolidated sales; meanwhile clothing and footwear both recorded increases of 15%. 

    Strategy and development

    The Group continued with the international expansion of its retail network in the third quarter of the year and has now opened 42 new stores in the first nine months of the year. Some of the most significant new store openings have seen Prada enter the market in Brazil, Mexico, Morocco and Ukraine while Miu Miu has entered the market in Brazil, Mexico, Morocco and Kuwait.

    At October 31, 2012, the retail network comprised a total of 428 Directly Operated Stores, including 270 Prada stores, 108 Miu Miu, 44 Church’s and 6 Car Shoe; 13 more stores have been opened in the five weeks since October 31.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa, commented: “It has been another extremely satisfactory quarter. The Group has continued to grow at a rate that has exceeded our expectations but great care has still been paid to cost control and working capital management. This has enabled us further to improve our profitability and cash flow. The Prada Group has again shown that it has the necessary ability and spirit of initiative to generate positive results, even in the difficult current international economic climate.”

    For further information, please contact:

    Prada spa

    Luca Grassis
    +39 02 55028933 
    luca.grassis@prada.com

    PRADA Group

    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 428 directly operated stores (DOS) at October 31, 2012 and a select network of luxury department stores, independent retailers and franchise stores. 

     

     

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  • 2012-09-24 PRADA GROUP APPROVES ITS INTERIM REPORT AT JULY 31, 2012

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  • 2012-08-06 PRELIMINARY SALES FIGURES FIRST HALF OF FINANCIAL YEAR 2012

     
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  • 2012-06-07 PRADA SPA APPROVES GROUP RESULTS FOR FIRST QUARTER OF 2012: REVENUE AND PROFIT GROWTH EXCEED EXPECTATIONS

    PRADA SPA APPROVES GROUP RESULTS FOR FIRST QUARTER OF 2012:
    REVENUE AND PROFIT GROWTH EXCEED EXPECTATIONS

    CONSOLIDATED NET REVENUES of Euro 686.7 million, + 47.9%
    EBITDA of Euro 200.1 million, + 77.2%
    EBIT of Euro 164.8 million, +105.6%
    NET INCOME of Euro 121.7 million, +111%

    RETAIL NETWORK EXPANDS BEYOND 400 DOS

    Milan, 7 June 2012 – The Prada spa Board of Directors today reviewed and approved the consolidated results for the quarter ended April 30, 2012.

    CONSOLIDATED NET REVENUES amounted to Euro 686.7 million, a 47.9% increase (+41.5% at constant exchange rates) on the Euro 464.3 million reported for first quarter 2011.

    EBITDA amounted to Euro 200.1 million, a 77.2% increase on same period of last year, and represented 29.1% of consolidated net revenues.

    EBIT amounted to Euro 164.8 million, a 105.6% increase on first quarter 2011, and represented 24% of consolidated net revenues.

    NET INCOME increased from Euro 57.7 million in first quarter 2011 to Euro 121.7 million in first quarter of this year.

    Cash flow generation enabled the Group to finance its capital expenditure for the period (Euro 55.3 million) and to improve its Net Financial Position which showed net cash of Euro 122.4 million at April 30, 2012.

    Analysis of revenues

    In the quarter ended April 30, 2012, DOS sales amounted to Euro 569.7 million, 49% more than in first quarter 2011 (+41.7% at constant exchange rates). Same Store Sales Growth (SSSG) was also significant in the quarter and stood at 19%.

    The wholesale channel also enjoyed 41.5% growth (+39.4% at constant exchange rates), partially as a result of the delayed deliveries from prior year.

    All Group brands contributed towards these results with Prada and Miu Miu recording particularly high growth rates of +53.2% and +30.8%, respectively.

    Moving on to sales by geographical area, we must highlight the excellent performance in Europe which achieved growth of +55.5% in the quarter, also thanks to the rising number of travelers. Excellent performances were also achieved in the Asia Pacific area which grew by 46.9%, in the Americas which grew by 34.1% and in Japan which enjoyed 38.7% growth.All product categories contributed towards the Group’s net revenue growth.

    Leather goods (+58.2%) now account for more than 62% of consolidated sales while clothing and footwear (+29.7% and +36.3%, respectively) also recorded strong growth.

    The Group has continued its strategy of international expansion of the DOS network: eight new DOS were opened in first quarter 2012 followed by seven more in the following weeks, taking the retail network to a total of 402 DOS.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa, commended: “We are extremely pleased with the results achieved this quarter in terms of sales and profitability, especially as we have achieved them in an uncertain and very unpredictable international environment. We are more certain than ever that we have chosen the correct route to growth based on a balanced geographical presence around the world and on the strength of our brands. We remain confident of our ability to achieve our objectives and shall closely monitor the economic situation in the countries where we operate to ensure that our strategy of medium-term growth is compatible with requirements on the various markets.”

    For further information, please contact:

    Prada spa
    Luca Grassis
    +39 02 55028933
    luca.grassis@prada.com

    PRADA Group
    The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through a network that included 395 directly operated stores (DOS) at April 30, 2012 and a selected network of luxury department stores, independent retailers and franchise stores.

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  • 2012-05-22 PRADA ANNUAL GENERAL MEETING APPROVES 2011 ANNUAL REPORT AND PAYMENT OF A DIVIDEND OF EURO 0.05 PER SHARE

    PRADA ANNUAL GENERAL MEETING APPROVES 2011 ANNUAL REPORT
    AND PAYMENT OF A DIVIDEND OF EURO 0.05 PER SHARE

    May 22, 2012 – Prada Spa Annual General Meeting, chaired by Miuccia Prada, was held today in Hong Kong.

    The Annual General Meeting approved separate and consolidated financial statements of the Company for the year ended January 31, 2012 as proposed by the Board of Directors on March 29, 2012.

    As already communicated to the market, in fiscal year 2011 the Group reached consolidated revenues of Euro 2,555.6 million, with a 24.9% growth vs. 2010 fiscal year, and a net income of Euro 431.9 million, with a 72.2% growth, accounting for 16.9% of consolidated net revenues.

    The Annual General Meeting approved payment of a dividend of Euro 0.05 per share, amounting to a 29% pay-out on the Group’s net income.

    Furthermore, the Annual General Meeting confirmed the Board members currently in office for the next three years:Miuccia Prada (Chairperson), Patrizio Bertelli, Carlo Mazzi, Donatello Galli, Marco Salomoni, Gaetano Miccichè and Independent directors Gian Franco Oliviero Mattei, Giancarlo Forestieri and Sing Cheong Liu.

    For further information:

    Prada spa
    Luca Grassis
    +39 02 55028933
    luca.grassis@prada.com

    PRADA Group
    The PRADA Group – HKSE Code: 1913 - is amongst the world's leaders in the luxury market, and it operates through its Prada, Miu Miu, Church’s and Car Shoe brands in the production and marketing of high-quality bags, leather goods, footwear, ready-to-wear, and accessories. The Group is also active, through licensing agreements, in eyewear, fragrances and mobile phones. Its products are sold in 70 countries worldwide through 388 directly operated stores (DOSs) as of January 31st, 2012, and a select network of luxury department stores, multi-brand stores and franchisees.

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  • 2012-03-29 THE GROUP APPROVES ITS 2011 ANNUAL REPORT ANOTHER YEAR OF DOUBLE DIGIT GROWTH

    THE GROUP APPROVES ITS 2011 ANNUAL REPORT
    ANOTHER YEAR OF DOUBLE DIGIT GROWTH

    Consolidated net revenues of Euro 2,555.6 million, +24.9%
    EBITDA of Euro 759.3 million, +41.7%
    EBIT of Euro 628.9 million, +50.3%
    Net income of Euro 431.9 million, +72.2%
    A return to a positive net financial position of Euro 15.8 million
    Further retail network expansion with 75 new DOS opened during the year
    388 DOS at January 31, 2012

    March 29, 2012 – The Prada Spa Board of Directors met today at the company premises in Terranuova Bracciolini and approved the separate financial statements of Prada Spa and the consolidated financial statements for the year ended January 31, 2012.

    In 2011, the PRADA Group successfully pursued its strategy of growth on the global luxury goods market. For the second consecutive year, by combining an ongoing search for stylistic quality and innovation, the international expansion of its retail network and constant attention to efficiency, the Group achieved one of the highest growth in the sector and a further, significant improvement in profitability.

    Consolidated net revenues totaled Euro 2,555.6 million, a 24.9% increase (+26.4% at constant exchange rates) on the Euro 2,046.7 million reported in 2010.

    EBITDA amounted to Euro 759.3 million, a 41.7% increase on 2010, and represented 29.7% of net revenues.EBIT amounted to Euro 628.9 million, a 50.3% increase on prior year, and represented 24.6% of net revenues.

    Net income increased by 72.2% from Euro 250.8 million in 2010 to Euro 431.9 million this year and represented 16.9% of consolidated net revenues.

    Cash flows from the share capital increase from the IPO and, above all, the high level of operating cash flow enabled the Group to finance its capital investment during the year and achieve a positive net financial position of Euro 15.8 million at January 31, 2012.

    Earnings per share rose from Euro 0.10 to Euro 0.17 per share.

    The Board proposes payment of a dividend of Euro 0.05 per share. This proposal will be subject for approval to the Annual General Meeting to be convened on May 22, 2012 in Hong Kong.

    Analysis of Revenues

    Distribution Channels

    In line with Group strategy, sales growth has been driven by the retail channel where a 37.6% increase on 2010 (+39.2% at constant exchange rates) was achieved thanks to newly opened DOS and like for like growth.

    Like-for-like growth of 23% was recorded in 2011, in excess of +20% for the second consecutive year.

    The retail channel now contributes 77.9% of the Group’s net revenues, a significant increase on the 70.8% contributed in prior year.

    Coherently with the selective strategy now followed by the Group for some years, the wholesale channel contracted by 5.2% while contributing 22.1% of consolidated net revenues.

    Markets

    All regions performed well with an increasingly important role played by the Asia Pacific market which was once again the leading market, both in absolute terms and for growth: it generated net revenues of Euro 873 million (+42.2% compared to 2010 and +45.1% at constant exchange rates) while its contribution towards consolidated net revenues rose from 30.4% to 34.6%. Net sales in the Asia Pacific area were almost entirely generated by the retail network which included 115 DOS at January 31, 2012. 8 of the 18 new DOS opened by the Group in the Asia Pacific area are located in China.

    The other markets also enjoyed strong rates of growth: Europe +16.8%, the United States +20.2% (+26.1% at constant exchange rates) and Japan which confirmed itself a solid market with 16.2% growth (+ 11.9% at constant exchange rates).

    Brands and products

    Growth was driven mainly by Prada and Miu Miu which both enjoyed growth of around 25%.

    All product categories contributed towards the Group’s net revenue growth. Leather goods (+40.7%) now account for more than 56% of consolidated sales while clothing and footwear (+6% and +11.3%, respectively) confirm the Group’s ability to lead the way in all soft luxury goods categories.

    Strategy

    During the year, the Group continued to expand its network of Directly Operated Stores (DOS), increasing its presence both in high growth markets for the luxury goods industry and in more mature markets not yet fully covered by the retail network.

    The Group opened 75 new DOS in 2011 and refurbished and extended existing stores. The new stores were opened across 17 different countries, including Russia and the United Arab Emirates where the Group did not have a direct presence. At January 31, 2012, the retail network included a total of 388 DOS.

    Prada’s remains committed to art in its various forms of expression, as a means of interacting with society as a whole, and this is reflected in the identity of the Group brands. The agreement with the Conseil Economique, Social et Environnemental, allowing the Palais d’Iéna in Paris to host Miu Miu fashion shows, is in keeping with this spirit as was the “24 hour Museum” event held there with Francesco Vezzoli.

    The Group has also confirmed its strong relationship with Fondazione Prada which inaugurated Ca’ Corner della Regina, an historic building on the Grand Canal in Venice, as its new exhibition venue in 2011.

    On a different note but very important in terms of communications and increasing brand awareness, the Group will once again support “Luna Rossa” in its challenge for the 34th edition of the America’s Cup to be held in San Francisco, California in 2013.

    Patrizio Bertelli, Chief Executive Officer of Prada Spa, is extremely satisfied with the results achieved and commented “Our Group enjoyed its best ever year, an important phase that saw the successful listing of Prada Spa shares on the Hong Kong Stock Exchange. In recent years, we have focused on our brands and on developing the retail network, pursuing a strategy that has enabled us to cope well during difficult times for the market while also making the most of the best opportunities available at times of growth. What has been achieved so far with drive and commitment will form the basis for further growth in future. We will aim to consolidate the Group’s position as a leading luxury goods business on all international markets and will continue to draw on innovation, quality and respect for tradition.

    For further information:

    Prada spa
    Luca Grassis
    +39 02 55028933
    luca.grassis@prada.com

    PRADA Group

    The PRADA Group – HKSE Code: 1913 - is amongst the world's leaders in the luxury market, and it operates through its Prada, Miu Miu, Church’s and Car Shoe brands in the production and marketing of high-quality bags, leather goods, footwear, ready-to-wear, and accessories. The Group is also active, through licensing agreements, in eyewear, fragrances and mobile phones. Its products are sold in 70 countries worldwide through 388 directly operated stores (DOSs) as of January 31st, 2012, and a select network of luxury department stores, multi-brand stores and franchisees.

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  • 2011-11-29 3Q FINANCIAL RESULTS

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  • 2011-09-19 THE GROUP APPROVES THE HALF YEARLY FINANCIAL STATEMENT AS OF 31 JULY 2011

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  • 2011-06-23 PRADA S.P.A. PROPOSED IPO SUCCESFULLY PRICED

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  • 2010-09-17 THE BOARD OF DIRECTORS APROVES HY 2010 FINANCIAL RESULTS

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  • 2010-08-04 STRONG GROWTH FOR PRADA IN THE FIRST HALF 2010

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  • 2010-05-24 PRADA GROUP 1Q RESULTS: STRONG REVENUES AND EBITDA GROWTH

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