While it expects growth in the mainland luxury market to slow down, Italian fashion giant Prada plans to press ahead with its strategy of opening more stores around the world, even though analysts warn that could hurt profitability.Wednesday, 15 January, 2014, 4:42pm
Texas state officials say the shack-sized building along a rural highway near the tiny town of Marfa - population 2,000 - is an illegal roadside advertisement, and they're considering what to do about a structure that's a must-see for passing tourists and a must-hit for vandals.25 Sep 2013 - 4:24am
Prada, a constant victim of plagiarism in China, has in an ironic turn of events been called a “copycat” by some sharp-eyed Chinese bloggers.
In viral photos on Weibo, avid shoppers compare one of Prada’s new summer items, a men’s polo shirt, with the top of a Shenzhen school uniform.
The resemblances are considerable, many argue.14 Jun 2013 - 7:23pm 9 comments
Italy’s Prada sees growth potential in its smaller brands, which continued to lag the performance of its eponymous fashion label in the first quarter, the company said.
Net sales for its flagship Prada brand grew 18 per cent from the same quarter of last year to 638.8 million euros (HK$6.6 billion), mainly supported by retail income in Greater China and the Americas.12 Jun 2013 - 11:18am
Death and taxes and childbirth. There's never a convenient time for any of them" American author Margaret Mitchell wrote in Gone with the Wind. Many local brokers and investors feel the same about Italy's new financial transaction tax, effective from March 1, that will affect investors who trade shares in Hong Kong-listed fashion brand Prada.9 Apr 2013 - 6:34am
Prada remains confident about its prospects this year, despite fears of poor consumer demand in Asia because of the weakening yen and Beijing's clampdown on lavish gift-giving.6 Apr 2013 - 4:46am
It may be a long way from Rome, but the Italian taxman is making his unwelcome presence felt on the local bourse, where one of the country's most famous fashion houses trades. Hong Kong Exchanges and Clearing has been urged to collect Italy's new financial transaction tax from investors in locally listed fashion brand Prada to end confusion in the market about who should collect it, according to Legco member Christopher Cheung Wah-fung.4 Apr 2013 - 3:58am
Shares in Hong Kong-listed fashion house Prada fell 3.4 per cent to close at HK$76 on Friday amid concerns that investors trading the stock might have to pay a new Italian government tax from next month.23 Feb 2013 - 4:52am
In a filing to the Hong Kong exchange on Tuesday, the luxury leather goods maker reported a 23 per cent increase in sales last year at constant exchange rates. Sales in Europe excluding Italy were up 33 per cent at constant exchange rates, while sales in the Asia-Pacific rose 23 per cent. Growth in Italy was 19 per cent, in North America 15 per cent and in Japan 8 per cent.20 Feb 2013 - 3:35am
HKMA sells HK$3.875b to weaken HK dollar8 Dec 2012 - 3:49am
Italian fashion house Prada achieved robust growth of nearly 50 per cent in net profit for the nine months to October on strong demand from Asia.7 Dec 2012 - 3:23am
A Japanese court has dismissed a sexual harassment and unfair dismissal suit against fashion house Prada after management told a woman employee to lose weight and keep in shape.
Rina Bovrisse, 38, who claimed a Prada human resources manager had branded her "ugly", said the ruling by a woman judge at Tokyo District Court was unacceptable and that she would appeal the case.28 Oct 2012 - 2:32am
Italian luxury fashion house Prada, which posted strong first-half earnings growth of nearly 60 per cent, is confident in the market in the near term despite the sluggish global economy.
Prada said in a filing yesterday its net income for the six months to July jumped 59.5 per cent from a year earlier to €286.4 million (HK$2.86 billion). Net revenue was €1.55 billion, up 36 per cent.25 Sep 2012 - 4:30am
Hong Kong-listed shares in Italian luxury fashion label Prada climbed to a record high yesterday as it outperformed other players in the market with strong first-half results.
Prada rose nearly 8 per cent yesterday afternoon before closing at a record HK$57.25, up 6.7 per cent, as analysts hailed it the top stock to buy in the consumer sector.15 Aug 2012 - 11:11pm