Prada Group news and archive

Prada Group reports net revenues of 1.43 billion in the first quarter

Prada Group, which owns the brands Prada, Miu Miu, Church's, Car Shoe, Versace, Marchesi 1824, and Luna Rossa, has achieved positive results in the first quarter of 2026. Net revenues reached 1.43 billion euros, a 14 percent increase year-over-year (YoY) (+3 percent organic). Retail sales amounted to 1.25 billion euros, up 10 percent YoY (+1...

FashionPress Release

Prada eyewear SS26: summer precision between line and light

With the spring/summer 2026 collection, Prada once again explores the tension that has characterised the house for years: an apparent simplicity with just enough expression. This is also reflected in the sunglasses, featuring clean lines, precise volumes and a design language that is both discreet and distinct. The result is frames that do more...

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Business|Opinion

What’s next for Alaïa?

When Pieter Mulier presents his final collection for Alaïa this March, it will close one of the quietest yet most effective creative tenures in recent Paris fashion. Quiet not because it lacked impact, quite the opposite, but because it resisted spectacle in favour of consistency, restraint and a deep respect for the house’s codes. After...

Retail

Prada partners with Indian corporations for Kolhapuri chappal project

Luxury fashion house Prada has signed a Memorandum of Understanding (MoU) with two Indian government corporations, LIDCOM and LIDKAR, to launch the “PRADA Made in India x Inspired by Kolhapuri Chappals” project. The agreement was finalized yesterday at the Consulate General of Italy in Mumbai. The collaboration will create a limited-edition...

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Business|Opinion

Dario Vitale’s short tenure ends as Prada resets Versace's creative direction

If fashion’s game of musical chairs has felt unusually frenetic this season, you’re not imagining it. Across the SS26 cycle, designer rotations have at times overshadowed the collections themselves, reflecting an industry where creative tenures are shrinking and corporate restructurings are accelerating. Data shows the average creative director...

People

Prada heir to head Versace after buy-out

Lorenzo Bertelli, the son of designer Miuccia Prada, said Wednesday he will become executive chairman of Versace following the Prada Group's takeover of its smaller Italian rival. Prada announced in April it was buying Versace from US group Capri Holdings for 1.25 billion euros (1.4 billion dollars). Bertelli, currently Prada's group chief...

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Fashion

Milan Fashion Week was a season of reckoning and renewal

Milan Fashion Week this September was as much an event behind the scenes as it was on the runway. The tides of fashion have rarely shifted as abruptly as in 2025, and both the spectacle and the machinery of the industry now unfold under intense scrutiny. According to the Camera Nazionale della Moda Italiana, Italy’s fashion industry generates...

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People

Patrizio Bertelli confirms Lorenzo Bertelli as future CEO

In an interview with Harper's Bazaar on August 27, Patrizio Bertelli, chairman of Prada Group, confirmed that his son Lorenzo will take the reins of the family business. Since 2024, Lorenzo Bertelli has held the role of chief marketing officer and head of corporate social responsibility at Prada Group. He is responsible for both the group's...

FashionPress Release

The Prada Group project Sea Beyond supports Coral Gardeners to advance reef restoration and inspire global action

During the 2025 United Nations Ocean Conference (UNOC3) in Nice, SEA BEYOND, the project by Prada Group in partnership with the Intergovernmental Oceanographic Commission of UNESCO (UNESCO-IOC), announces its support for Coral Gardeners, a non-profit organization dedicated to restoring coral reefs. This collaboration will help Coral Gardeners in...

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Business

Prada acquires ten percent of Rino Mastrotto Group

Rino Mastrotto and Prada Group have signed a binding agreement for Prada to acquire a minority stake in Rino Mastrotto Group. As part of the transaction, Prada Group will contribute 100 percent of Conceria Superior SpA—following the acquisition of remaining shares—and Tannerie Limoges SAS to Rino Mastrotto Group. The group also made a cash...

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Business

Thanks to Miu Miu: Prada Group increases quarterly sales by 13 percent

Prada defied difficult market conditions in the luxury sector thanks to Miu Miu. Despite the uncertain global economic situation, the Italian fashion group Prada continued to grow in the first quarter. The company announced on Wednesday that the group generated sales of 1.34 billion euros in the period from January to March. This was 13 percent...

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Fashion

Prada buying Versace buy is a win-win for Italian luxury

When Prada this week confirmed its acquisition of Versace for 1.25bn euros it was both a business transaction as much as a symbolic repatriation of Italian heritage. As the dominance of French conglomerates LVMH and Kering has become the established order in luxury fashion—owning Italian crown jewels from Fendi to Gucci—the Prada Group's...