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...
Jun 16, 2025
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...
Jun 5, 2025
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...
Apr 30, 2025
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...
Apr 11, 2025
Italian fashion group Prada is officially the new owner of Versace. As the fashion world already predicted, Prada Group and Capri Holdings Limited have just announced that Versace has been acquired for 1.25 billion euros. Prada Group will take over 100 percent of Versace’s shares in a transaction financed by 1.5 billion euros of new debt...
Apr 10, 2025
Prada has a new Retail Director for Central Europe. The Italian fashion group has appointed Markus Hoogeveen to the role of Retail Director Central Europe, according to his profile on the career network LinkedIn. Hoogeveen has already held his new role since January. For Hoogeveen, it is a return to Prada, as he already worked for the Italian...
Mar 11, 2025
Prada is once again placing a strategic bet on bricks-and-mortar retail, with the Italian luxury group reportedly close to acquiring the prestigious London property housing its Miu Miu boutique on New Bond Street. According to reports in WWD, Prada Holding is nearing a deal with asset manager M&G Investments to purchase the building for...
Mar 6, 2025
Prada Group to grow net revenues in 2024. The company, which owns the brands Prada and Miu Miu, Church's, Car Shoe, Marchesi 1824 and Luna Rossa, recorded net revenues of 5.4 billion euros, 17 percent compared to 2023, above the market average. Strategic capacity and product quality, despite the challenging sector, are the basis of growth, as...
Mar 4, 2025
Italian luxury conglomerate Prada Group reported a 15 percent rise in Q3 revenues to 3.8 billion euros, driven by a stellar 97 percent jump in Miu Miu sales. The brand's momentum continued to power the group's performance, offsetting a more modest 4 percent increase at the flagship Prada label. Retail channels led the growth, up 18 percent in...
Oct 30, 2024
The Italian fashion group Prada SpA can look back on another successful financial year thanks to the unbroken popularity of its Prada and Miu Miu brands. On Thursday, the company announced that it was also able to achieve significant growth in sales and earnings during 2023. Accordingly, the Prada Group's consolidated turnover last year totalled...
Mar 7, 2024
Luxury conglomerate Prada Group has announced an extension of its women’s empowerment programme with the United Nations Population Fund (UNFPA) to the country of Mexico. The training programme, dubbed ‘Fashion Expressions: The Stories She Wears’, is designed to leverage fashion as a means to promote both women’s empowerment and sexual...
Mar 5, 2024
Italian luxury conglomerate Prada Group has announced that it has joined the Fashion Task Force of King Charles III’s Sustainable Markets Initiative, an organisation the British monarch founded in 2020 when he was Prince of Wales. The task force, which is chaired by former chairman and CEO of YNAP, Frederico Marchetti, aims to develop and...
Feb 20, 2024