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PRADA (1913.HK)

61.900

+2.550

+(4.30%)

At close: January 16 at 4:08:36 PM GMT+8

Luxury stocks soar as Richemont sparks rally and hopes of sector turnaround

Luxury goods stocks jumped on following Cartier-owner Richemont a surge in sales, prompting hopes of a turnaround for the sector.

Yahoo Finance UK 9 hours ago

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Prada defied the China-led luxury slowdown—its CEO is bullish Chinese shoppers will return

Prada Group's revenue has been soaring, thanks to the raging popularity of Miu Miu, the sister label where Miuccia Prada is the creative director.

Fortune 18 hours ago

PRDSY
Capri exploring sale of Versace and Jimmy Choo

Prada is working with Citi to evaluate the viability of a bid for Versace.

Retail Insight Network 3 days ago

CPRI

PRDSY
Here’s Why Capri Holdings Ltd. (CPRI) Led This Week’s Rally

We recently published an article titled These 10 Firms Led This Week’s Rally. In this article, we are going to take a look at where Capri Holdings Ltd. (NYSE:CPRI) stands against the other stocks. Ten companies finished stronger this week, outpacing the broader market thanks to a series of catalysts that lifted investor sentiment. On Friday, […]

Insider Monkey 4 days ago

CPRI

PRDSY
Analysts Skeptical of Latest Prada, Versace M&A Speculation

The likelihood and potential success of Prada Group acquiring Versace was waved away, citing concerns over strategic fit and past M&A challenges.

WWD 6 days ago

PRDSY

CPRI
Prada has been working with Citi on possible bid for Versace, source says

LONDON/MILAN (Reuters) -Italy's Prada is among the potential suitors looking at fashion group Versace, which has been put up for sale by its parent Capri Holdings, and has been working with Citi to evaluate any bid, a person with knowledge of the matter said on Friday. U.S.-listed Capri is struggling with falling sales in a global $400 billion luxury sector where confidence has been eroded by wealthy Chinese cutting their spending and the end of a prolonged boom. In November, Coach-owner Tapestry abandoned an $8.5 billion deal to buy Capri, which also owns brands Michael Kors and Jimmy Choo.

Reuters 6 days ago

CPRI

PRDSY
Why Some Luxury Houses Are Thriving Amid a Category Downturn

According to an Accenture report, brand desirability combined with operational excellence is luxury’s secret sauce.

WWD 28 days ago

PRDSY
Prada Group, EssilorLuxottica Extend Eyewear License for 10 Years

As per the agreement, first inked in 2003, EssilorLuxottica will develop eyewear for the Prada, Prada Linea Rossa and Miu Miu brands.

WWD 28 days ago

PRDSY
Goyard, Hermès are the top brands that retain value at resale: report

Accessories resale platform Rebag’s annual Clair report also identified how 2024’s top trends influenced buying behavior.

Fashion Dive 30 days ago

PRDSY
Prada upgraded to Buy from Neutral at BofA

BofA analyst Daria Nasledysheva upgraded Prada (PRDSY) to Buy from Neutral with a price target of HK$65, up from HK$60. The analyst believes Prada Group can continue to outperform the luxury market, while establishing Miu Miu as a core player in the industry, capitalizing on its peak brand heat to drive sustainable growth. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s best-performing stocks on TipRanks >> Read More on

TipRanks last month

PRDSF

PRDSY
Snapchat Adds Prada and Miu Miu Bags for Bitmoji

New fashion items for your Bitmoji character.

Social Media Today last month

SNAP

PRDSY
EXCLUSIVE: Gucci Builds New Organization With Key Hires

Joining at the end of December from Givenchy, Valérie Leberichel will hold the role of SVP of global communications, and is one of the several key hires masterminded by Stefano Cantino.

WWD 2 months ago

PRDSY
Prada SpA (PRDSF) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Miu Miu's Stellar ...

Prada SpA (PRDSF) reports an 18% increase in net revenues, driven by robust retail sales and exceptional growth from the Miu Miu brand.

GuruFocus.com 2 months ago

PRDSY
Prada’s Miu Miu Continues to Defy Luxury Slowdown

Prada posted an increase in revenue, buoyed by the popularity of its Miu Miu brand, and continues to buck a downturn in demand for high-end goods that is particularly acute in China.

The Wall Street Journal 2 months ago

PRDSF

PRDSY
Prada Group Bucks the Luxury Slowdown With Massive Gains at Miu Miu

Strong retail sales in all geographic areas, including Asia-Pacific, and the gravity-defying gains at Miu Miu, which soared 97 percent in the period, contributed to a 15 percent increase to 3.83 billion euros.

WWD 2 months ago

PRDSY
Prada Group revenue challenges luxury slowdown narrative

Overall group retail sales were up 15% for the first nine months, and the Miu Miu brand was up 97% for the period.

Fashion Dive 2 months ago

PRDSY
Prada's third quarter revenues rise 18%, Miu Miu sales double

MILAN (Reuters) -Third-quarter net revenues for Prada rose 17.7% at constant exchange rates, driven by double-digit retail sales growth in Asia and Europe and the doubling of sales at the smaller Miu Miu brand, the Italian luxury group said on Wednesday. Sales in the Asia Pacific region, in the spotlight as investors are concerned about the slowdown in Chinese demand for luxury goods, rose 12% in the third quarter despite the more challenging environment. Chief Executive Andrea Guerra struck a cautious tone on prospects in China despite the robust regional sales.

Reuters 2 months ago

PRDSY
Prada and Axiom Space aim for the moon with new astronaut suit

MILAN (Reuters) -Italian luxury group Prada and Houston-based startup Axiom Space unveiled on Wednesday the design of a spacesuit that will be used for NASA's Artemis 3 mission to the moon that is planned for 2026. In its outward appearance, the spacesuit does not stray too far from what astronauts have worn in the past. It is the familiar bulky white suit, with added red trim and grey patches on the knees and elbows.

Reuters 2 months ago

PRDSY
Luxury retailers Prada and Kurt Geiger shamed for taking up to 4 months to pay U.K. suppliers

Slow and late payments force the closing of an estimated 50,000 small businesses a year.

Fortune 3 months ago

PRDSY
Goyard, Prada among top counterfeited brands: report

AI authentication platform Entrupy released its annual State of Fake report, which examined trends in imitation items for luxury goods and sneakers.

Fashion Dive 3 months ago

PRDSY

Performance Overview

Return	1913.HK	HANG SENG INDEX
YTD	-2.52%	-2.59%
1-Year	+53.91%	+20.39%
3-Year	+36.06%	-19.93%

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PRADA (1913.HK)

Luxury stocks soar as Richemont sparks rally and hopes of sector turnaround

Prada defied the China-led luxury slowdown—its CEO is bullish Chinese shoppers will return

Capri exploring sale of Versace and Jimmy Choo

Here’s Why Capri Holdings Ltd. (CPRI) Led This Week’s Rally

Analysts Skeptical of Latest Prada, Versace M&A Speculation

Prada has been working with Citi on possible bid for Versace, source says

Why Some Luxury Houses Are Thriving Amid a Category Downturn

Prada Group, EssilorLuxottica Extend Eyewear License for 10 Years

Goyard, Hermès are the top brands that retain value at resale: report

Prada upgraded to Buy from Neutral at BofA

Snapchat Adds Prada and Miu Miu Bags for Bitmoji

EXCLUSIVE: Gucci Builds New Organization With Key Hires

Prada SpA (PRDSF) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Miu Miu's Stellar ...

Prada’s Miu Miu Continues to Defy Luxury Slowdown

Prada Group Bucks the Luxury Slowdown With Massive Gains at Miu Miu

Prada Group revenue challenges luxury slowdown narrative

Prada's third quarter revenues rise 18%, Miu Miu sales double

Prada and Axiom Space aim for the moon with new astronaut suit

Luxury retailers Prada and Kurt Geiger shamed for taking up to 4 months to pay U.K. suppliers

Goyard, Prada among top counterfeited brands: report

Performance Overview