Prada
This coverage explores Prada’s strategy, operations, and market presence within the UK luxury retail sector. Reporting highlights store developments, product launches, marketing campaigns, collaborations, and leadership decisions shaping the brand’s positioning. Designed for retail executives, brand managers, and professionals in premium and luxury markets, the content provides insights into how Prada competes and adapts in a dynamic retail environment.
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Apr- 2024 -30 AprilClothing & Shoes
Frasers buys back Matches IP from administration
Frasers has announced that it has reached an agreement with the administrators of Matches Fashion to acquire certain intellectual property for an undisclosed sum. Under the terms of the transaction Frasers Group has granted a licence to the administrators that allows them to sell stock owned by Matches. All the…
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25 AprilNews
Today’s news in brief-25/4/24
Getir is set to exit the UK and Europe as investors inject additional funds into the company, according to Sky News. The funding, expected to be in the tens of millions of pounds, will support the closure of operations in the UK, Germany, and the Netherlands. The move follows restructuring…
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25 AprilNews
Matchesfashion creditors owed £36m following collapse
Burberry, Gucci and Prada are among the creditors owed £36m following the collapse of Matchesfashion last month, the FT has revealed. The luxury brands are among more than 500 creditors to Matches, which was bought by Mike Ashley’s Fraser Group in December. Administrators at Teneo revealed that the creditors are…
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17 AprilNews
Gucci appoints new deputy CEO
Gucci has announced the appointment of Stefano Cantino as the brand’s new deputy chief executive officer, reporting to Jean-François Palus, president and CEO, from 2 May. In this newly created position, Cantino will share with Palus the responsibility to define and implement the brand strategy. He joins Gucci after spending…
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11 AprilNews
Today’s news in brief-11/4/24
Ted Baker’s American licensing partner, OSL, is reportedly in pole position to take over the brand’s collapsed UK operation. Administrators have announced the closure of 15 UK stores, leading to over 200 job losses, as part of efforts to salvage the business. OSL’s potential takeover follows the collapse of No…
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11 AprilHigh Street
Vision Express unveils £4m flagship store on Oxford Street
London-based high street optician Vision Express has unveiled a £4m new flagship store on Oxford Street. The store has been completely transformed after months of renovations and is now open to customers. The new design boasts a “smart”, “contemporary”, and “warm” environment across three floors. For those looking to check…
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Feb- 2024 -12 FebruaryHealth & Beauty
Superdrug to open new store in West Midlands
Superdrug has opened a new store in West Bromwich, in the West Midlands, which offers a pharmacy, beauty services, luxury fragrances and exclusive brands. The new 8,000 sq ft store is located in New Square Shopping Centre and has created 35 new jobs. Superdrug West Bromwich offers a range of…
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Jul- 2023 -31 JulyClothing & Shoes
Prada H1 net revenues up 22%
Prada has announced that its net revenues for the six months ended 30 June were €2.23bn (£1.92bn), up 22% compared with the same period last year. Alongside this the company posted an EBIT of €491m (£421m), an increase of 22% from the €304m (£261m) it posted last year. The company’s…
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Jun- 2023 -27 JuneClothing & Shoes
Asos appoints sustainability expert as ESG chair
Asos has announced the appointment of Anna Maria Rugarli as non-executive director and chair of the ESG Committee. Rugarli is a sustainability and CSR expert with more than twenty years of experience working with leaders in global apparel, including Nike Inc. and VF Corporation. She has specialised in creating “innovative”…
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May- 2023 -12 MayClothing & Shoes
Prada net revenues jump 22% to €1.06bn
Prada has reported that its net revenues increased 22% to €1.06bn (£928m) YoY despite an uncertain macroeconomic environment, according to its first quarter financial report ended 31 March 2023. It also achieved retail sales of €953m (£830m) in the first quarter of 2023, marking a 23% increase YoY, compared with…
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