Prada SpA (1913.HK)
16 Aug 2019
MILAN, May 21 Italian luxury goods group Prada said it would shrink its wholesale network in Italy and Europe in a push to have uniform prices for its products across different outlets and reduce markdowns.
MILAN Italian luxury group Prada said on Friday it would stop offering end-of-season promotions at its stores, in a bid to boost margins and protect its brand after achieving revenue growth in 2018 for the first time in four years.
* Prada sees revenue growth in 2018 for first time in 4 years
MILAN, March 15 Annual revenues at Italian luxury group Prada rose in 2018 for the first time in four years, showing its turnaround plan is starting to bear fruit, although sales growth slowed in the second half of the year.