Prada heir says Italian group is open to M&A opportunities

By Bloomberg Published May 7, 2024 Prada is prepared to evaluate acquisitions as candidates arise in the luxury sector, according to Lorenzo Bertelli, heir to the Italian billionaire family.  See catwalkPrada – Fall-Winter2024 – 2025 – Womenswear – Milan – ©Launchmetrics/spotlight “We have been and will always be open to considering opportunities,” Bertelli told reporters … Read more

Gucci’s China shock reverberates across the luxury landscape

By Bloomberg Published Mar 24, 2024 Fears of a slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of the problem hit home for one of fashion’s biggest but most exposed brands, Gucci. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – … Read more

Prada, Miu Miu sales jump as Italian fashion group draws fans

By Bloomberg Published Mar 7, 2024 Prada SpA sales jumped as the Italian group saw strong demand for some of its hippest products, like brushed leather loafers and Miu Miu pumps. See catwalkPrada – Fall-Winter2024 – 2025 – Womenswear – Milan – ©Launchmetrics/spotlight Net revenue rose 17% at constant exchange rates to €4.73 billion ($5.15 … Read more