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...

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Retail

Prada partners with Indian corporations for Kolhapuri chappal project

In a significant collaboration aimed at celebrating and globalizing Indian craftsmanship, the luxury fashion house Prada has signed a Memorandum of Understanding (MoU) with two key state-owned Indian government corporations: LIDCOM (Sant Rohidas Leather Industries and Charmakar Development Corporation Ltd) and LIDKAR (Dr. Babu Jagjivan Ram...

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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...

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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...

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Business

It's official: Prada acquires Versace for 1.25 billion euros

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...

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Prada appoints Markus Hoogeveen as new Retail Director Central Europe

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...

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Business

Prada continues investing in property with landmark Bond Street deal

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...

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Business

Prada Group: Net revenues up 17 percent in FY 2024

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...