Prada Group

MIU MIU CONTINUES ITS’ DEVELOPMENT IN SOUTH KOREA

May 8^th 2013 - Miu Miu arrives at a new destination in South Korea as the brand opens its’ first store in Seongnam - the fifth city in the brand’s development plan in the country, after Seoul, Busan, Incheon and Gyeonggi-do.

The store, designed by Architect Roberto Baciocchi, is located in the prestigious Bundang AK Plaza department store and holds ready-to-wear, leather goods and footwear collections, all displayed on a single level.

The entrance is aesthetically striking featuring a transparent crystal storefront and a backlit metal screen which, like stage curtains frames the window and steel-profiled light boxes.

The inside features full-height mirrors, walls covered in the iconic damask fabric and golden box-shaped furniture to display the collection.

Display counters with thin golden frames and elegant salons in damask fabric complete the environment and create an intimate, sophisticated atmosphere.

Miu Miu Seongnam Bundang AK Plaza, 1st Floor, 263, Seohyun-Dong, Bundang-Gu, Seoungnam-Si, Gyunggi-Do, Korea

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

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

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.

PRADA OPENS A STORE IN SINGAPORE IN THE CHANGI AIRPORT

Milano, Italy, March 19th 2013 - Prada opens a new store in Singapore, in Changi Airport’s Terminal 3.

The store, designed by architect Roberto Baciocchi, has a total surface of about 120 square metres on a single level and offers the men's and women's bags and accessories collections.

Its outer storefront, covered in black Marquina marble, features a wide entrance and a small corner window.

Inside, the continuous arrangement of the brand’s classic green fabric display niches - embellished with backdrops made of smoky mirrors - is interrupted and enhanced by polished steel cases, that lend sober elegance to the whole environment.

The space is further characterised by polished steel and crystal counters, black and white chequered marble floors and a ceiling covered in green fabric.

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

MIU MIU OPENING IN SAN JOSE, CALIFORNIA

February 13th, 2013 - Miu Miu opens a store in the upscale Valley Fair Mall of San Jose, the biggest city in Northern California. This is the brand’s twelfth shop in the US.

The store, designed by Architect Roberto Baciocchi, occupies 270 square metres on a single level, and it offers Miu Miu’s total look collections.

The visually impressive outer storefront is characterised by its finish in mat gold plates and by an imposing light box with a backlit polished brass logo.

Inside, the store is divided in three areas connected to each other through wide mirrored passageways, the environment is defined by damask curtained walls with safe-shaped furniture that display accessories and leather goods.

In the ready-to-wear area, outfits are arranged in sophisticated mirror-lined niches, that evoke Miu Miu’s typical elegance and refinement.

Intimate salons made of gold-coloured sofas and armchairs complete the atmosphere.

Miu Miu San Jose Valley Fair Mall, Valley Fair Mall, 2855 Stevens Creek Blvd, Suite A1221, Santa Clara, CA 95050

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

Milano, Italy, February 6th 2013 – Prada opens its first store in Nanjing (Eastern China), inthe Deji Plaza Mall. With this new opening, Prada now has 25 shops in China.

The store, designed by architect Roberto Baciocchi, occupies a total surface of about 810square metres on two levels, and offers the women's and men's ready-to-wear, bags,accessories and footwear collections.

Its visually impressive outer corner storefront – which pays tribute to artist Carlos Cruz-Diez -features a black marble base framing two windows on one side and two wide light boxes onthe other. A structure made of backlit gold-coloured aluminium and polished steel panelsruns all over the height of the façade to create an unusual kinetic effect.

The storefronts looking on the Mall's inside are embellished by black marble cladding andlight polished steel profiles that enhance the store's two entrances, several windows and lightboxes.

The ground floor, offering women's bags and accessories, is defined by the chequered blackand white marble floor and by crystal and polished steel displays with a very thin structureand marble drawers at the base.

An elegant staircase in black Marquina marble, with pastel-green fabric walls and ceilings,leads to the upper level, where a stylish polygonal room - strongly characterised by marble onthe floors, walls and display niches - offers the women's and men's travel and accessoriescollection.

Walls covered in green fabric and elegant crystal and polished steel counters embellish thearea offering women's ready-to-wear and footwear; the men's area instead is defined by moreregular shapes and by the usage of strongly characterised materials, such as ebony wood,black saffiano leather and castorino-coloured velvet.

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 ofthe leaders of the kinetic art movement, an innovative form of dynamic expression withstrong visual impact. Having always greatly appreciated Carlos Cruz-Diez and hiscontribution to this artistic genre, Prada intends paying public homage to his work of artwhich was the starting point in the development of the Prada Nanjing boutique façade atDeji Plaza, No.18 Zhongshan Road, Nanjing, China.

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

Milano, Italy, February 5th 2013 – Prada opens a new store in San Diego, California, in the“Fashion Valley” Mall.

The store, designed by architect Roberto Baciocchi, occupies a total surface of about 400square metres on a single level, and offers the women's ready-to-wear, bags and accessoriescollections, plus women’s and men’s footwear.

The façade - characterised by a precious black marble cladding embellished with polishedsteel profiles - stretches on three storefronts, with a central entrance highlighted by anelegant sequence of windows and light boxes.

Inside, the store presents several rooms with different atmospheres, defined by the typicaldesign elements of the Prada stores worldwide. These include the black and white marblechequered floor, display niches profiled in polished steel inset in pale green fabric walls,steel and crystal counters, and velvet sofas in green and castorino colours.

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

MIU MIU OPENS IN CANADA

February 1st 2013 - Miu Miu’s universe reaches Canada as the brand opens its first point of sale in Toronto, in the prestigious Holt Renfrew department store.

The corner, designed by Architect Roberto Baciocchi, is entirely dedicated to the bags and accessories collections.

The storefront is characterised by its damask finish covered in crystal and studs, with small display windows and polished brass backlit logos helping to strengthen the aesthetic impact.

Inside, the space features Miu Miu’s classic brand image elements, with damask curtain walls enveloping the whole environment.

Sophisticated finishes, together with mat gold counters with crystal display cases, help to enhance the products’ preciousness.

Miu Miu Holt Renfrew Toronto, Holt Renfrew, 50 Bloor Street West, Toronto ON
M4W 1A1

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

January 31st 2013 - Miu Miu reaches Austria for the first time, with the opening of a mono-brand store in Vienna's Tuchlauben Straße, the city's prestigious shopping destination.

The store has a total surface of 540 square metres on two levels, and it offers the ready-to-wear, bags, footwear and accessories collections.

This project, designed by Architect Roberto Baciocchi, is defined by its sophisticated aesthetics; the environment looks like a mysterious treasure room where products are displayed like unique fine jewellery pieces.

The outer façade anticipates the store's great personality, with its windows framed in brown marble and in backlit perforated metal screen.

The ground floor offers the bags, footwear and accessories collections, presented in safe-shaped displays covered in golden damask fabric.

An elegant glass staircase, covered in damask and studs, leads to the ready-to-wear floor, where outfits are displayed in a sophisticated, charming setting.

An intimate and sophisticated atmosphere - in keeping with the brand's image - is created by salons furnished with sofas and armchairs, also covered in damask.

Miu Miu Vienna, Tuchlauben 7, 1010 Wien, Austria

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

December 18th 2012 - Miu Miu strengthens its presence inside Selfridges, London's celebrated department store, and complements the accessories area with a new location offering ready-to-wear collections.

MIU MIU OPENS IN OSAKA, JAPAN

NEW MIU MIU CORNER IN BERLIN

August 30th 2012 - Miu Miu reinforces its European presence with the opening of a new corner in the upscale KaDeWe in Berlin, one Europe's most important shopping malls.

This is the fourth store in Germany for the brand, and the second in the capital.

The new space at KaDeWe, dedicated to the shoe collections, was designed by architect Roberto Baciocchi and is characterized by the classic elements of Miu Miu’s image: walls in gold damask and gilded metal 'safe' counters.

The facade, in damask, is covered in glass with studs and backlit logos, enclosing the shop space like a treasure chest. The wide entrance with its brown marble threshold, ushers into an elegant and sophisticated space.

Miu Miu KaDeWe, Tauentzienstrasse 21-24, 10789 Berlin.

For further information:
Miu Miu press office
Tel. +39.02.3498121
E-mail: pressoffice@miumiu.com

Milano, Italy, 6 June 2012 – Prada opens its largest boutique in Dubai, United Arab Emirates, in the prestigious “Mall of the Emirates” - the undisputed luxury shopping destination.

The central gallery leads to the men's area, its masculine character expressed by means of walls covered in ebony wood, carpeted floors with a black marble stripe and precious display counters in burnished metal and black saffiano leather. The backdrop in this area is a precious studded case in crystal and burnished metal that displays the luggage collection.