Prada Takes the Lead in the Luxury Fashion Battle

Prada's Net Income Surges by 16% in Q1Italian fashion powerhouse, Prada SpA, which also owns Miu Miu, has caught attention by outperforming its compet...

Prada's Net Income Surges by 16% in Q1

Italian fashion powerhouse, Prada SpA, which also owns Miu Miu, has caught attention by outperforming its competitors. The company announced that its net income soared by 16% to reach 1.19 billion euros (1.27 billion dollars) in the first quarter. Analysts had expected a net income of 1.17 billion euros for the company, but Prada surpassed those predictions.

Impressive Performance in the Asia-Pacific Region

Prada's stellar performance, especially in the Asia-Pacific region following the reopening of China, deserves recognition. Patrizio Bertelli, the Chairman of the Board, stated that achieving such solid results in a challenging market environment is a significant accomplishment for a brand. Prada and Miu Miu claimed the top two spots in the Lyst Index, which analyzes searches and social media mentions related to brands and products. The popular collaboration between Miu Miu and New Balance, in particular, garnered attention.

Prada Chairman of the Board, Patrizio Bertelli: "This robust performance is a great achievement for a brand operating in a challenging market environment."

Kering's Gucci Struggles with Segment Repositioning

Meanwhile, Prada's French rival, Kering, experienced a weak performance during a period when its flagship brand, Gucci, aimed to reposition itself in a more prestigious segment. While Prada's shares gained a remarkable 37% in Hong Kong this year, Kering's shares suffered a decline of approximately 19%.

Prada's advantageous market position, combined with its innovative designs and captivating products, sets it apart from its competitors, securing high customer satisfaction. As Prada climbs to the top of the fashion world, this significant achievement reinforces its leadership in the industry.

25 Nis 2024 - 13:31 - Business

Son bir ayda litsuit.com sitesinde 16.334 gösterim gerçekleşti.


göndermek için kutuyu işaretleyin

Yorum yazarak Litsuit Topluluk Kuralları’nı kabul etmiş bulunuyor ve yorumunuzla ilgili doğrudan veya dolaylı tüm sorumluluğu tek başınıza üstleniyorsunuz. Yazılan yorumlardan Litsuit hiçbir şekilde sorumlu tutulamaz.

Haber ajansları tarafından servis edilen tüm haberler Litsuit editörlerinin hiçbir editöryel müdahalesi olmadan, ajans kanallarından geldiği şekliyle yayınlanmaktadır. Sitemize ajanslar üzerinden aktarılan haberlerin hukuki muhatabı Litsuit değil haberi geçen ajanstır.


World Brands

Litsuit, İstanbul ile özdeşleşen markaları ağırlıyor.

+90 (532) 765 24 01
Reklam bilgi