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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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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Mar- 2023 -31 MarchClothing & Shoes
Prada recruits 400 staff to boost production
Prada Group has announced its plans to recruit over 400 people by the end of 2023, to strengthen its production capacity and craftsmanship expertise in Italy. Prada said that the new hires would further reinforce the company’s “strong industrial strategy”. It also stated that the investment would guarantee “greater agility…
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10 MarchClothing & Shoes
Prada reports profits rise 21% to €4.2bn for FY22
Prada Group has reported that its 2022 revenues increased to €4.2bn (£3.7bn), marking a 21.3% rise over 2021, according to its financial for the period ending 31 December 2022. It said that retail sales, which increased 23.8% to €3.7bn (£3.27bn), was the primary driver, as well as organic expansion at…
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Jan- 2023 -20 JanuaryHealth & Beauty
Superdrug sales rise by 16% over December
Superdrug revealed that its like-for-like sales increased by 16% in December, with the group confirming that this Christmas trading period was the “strongest” so far. The group has attributed its performance to consistently good footfall across the entire month, as average weekly transactions in shops were 19% higher than in…
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17 JanuaryClothing & Shoes
Burberry unveils new senior positions in leadership team
Burberry has appointed Giorgio Belloli and Delphine Sonder to the newly-created roles of chief digital, customer and innovation officer and chief merchandising officer respectively, with immediate effect. Belloli will be responsible for leading the global e-commerce, digital product, and analytics teams, as well as a newly-formed innovation function. Meanwhile, Sonder…
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10 JanuaryHigh Street
The Fragrance Shop reports ‘record sales’ amid 11% increase
The Fragrance Shop has announced that it saw an 11.2% increase in underlying sales in the six weeks ending 31 December 2022, compared with the same period the previous year. The company said the “record” sales performance was fuelled by popular new fragrance launches, such as Paradoxe by Prada, Fame…
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Dec- 2022 -8 DecemberLuxury Goods
Prada eyes new CEO amid leadership reshuffle
Italian luxury fashion house Prada is reportedly looking to recommend Andrea Guerra, the former CEO of Luxottica, as the new group CEO at the next board meeting on 26 January 2023. This was triggered by co-CEOs Miuccia Prada and Patrizio Bertelli’s decisions to step down from their roles. However, Miuccia…
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Nov- 2022 -22 NovemberClothing & Shoes
Raf Simons to close label after 27 years
Raf Simons has announced he is closing his eponymous label after 27 years. Announcing the news via Instagram, the fashion designer revealed that the brand’s spring/summer 2023 collection shown in October in London will be its last. “I lack the words to share how proud I am of all that…
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