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Tag: prada

  • Prada 2014 profit falls for first time since listing as China, Europe weaken

    Prada 2014 profit falls for first time since listing as China, Europe weaken

    Italian luxury goods company Prada SpA reported its first drop in annual net profit since it listed in Hong Kong four years ago, as growing retail sales in the Americas and Japan failed to offset declines in Greater China and Europe.

    The company reported on Monday its 2014 net profit fell 28 percent to EUR450.7 million (USD489.8 million), slightly below forecasts, as overall annual sales dropped 1 percent. Asia-Pacific sales, which accounted for more than a third of the Milan-headquartered company’s business, also fell 3.1 percent.

    Like other luxury goods makers, Prada has seen weaker sales in China and Hong Kong amid a government crackdown on corruption, including bribery which often takes the form of lavish gifts to officials.

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  • China sinks Prada profit

    China sinks Prada profit

    Luxury retailer Prada Group has blamed China for a 28 per cent slump in profit last year.

    The Italian company says sales in its key Asia-Pacific market – which contributes 35.7 per cent of its global turnover – slid 3.1 per cent.

    This was largely due to the clampdown in corporate gift giving as China tries to reduce graft, and changing purchasing patterns in Hong Kong, which cashed up Chinese are spurning for other travel destinations.

    “Results in the region were hit by the negative performances recorded in Hong Kong and Macau. The Greater China area still benefited from growth on the [mainland] Chinese domestic market and ended the year with net sales of 774.1 million euros, a decrease of 6.3 per cent,” the company said.

    While Prada accounts for 81.2 per cent of the group’s sales, Miu Miu and Church’s both improved globally, while the smallest, Car Shoe, returned a sales drop of 11.9 per cent.

    Prada opened 21 new stores in Asia Pacific in the year to January 31 and closed three. Retail sales slid 5.5 per cent, but this was in part compensated for by a double digit growth in the wholesale division, largely due to increasing numbers of inbound tourists into South Korea. In the Americas, sales were up 0.9 per cent.

    In Europe, sales fell 4.9 per cent, but in Japan (which is not included in the Asia-Pacific figures) sales rose 7.9 per cent, despite store network rationalisation.   Prada said overall revenue for the year dipped by one per cent to 3.55 billion euros, while net income dropped to 450.7 million euros from 627.8 million euros a year earlier. Its operating margin was down from 31.9 per cent to 26.9 per cent, largely due to store openings.

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  • Prada South Korea opens men only store

    Prada South Korea opens men only store

    Prada has opened its first store in South Korea selling only menswear.

    The new shop is hosted inside the Shinsegae luxury department store in Seoul, but features its own distinctive entrances.

    The new space, designed by architect Roberto Baciocchi, covers about 165 sqm and houses the men’s ready-to-wear, leather goods, accessories and footwear collections.

    The internal façade, clad in Saint Laurent marble, is characterised by two large corner entrances. Slim strips of steel frame the window and the light box.

    The entrances lead to an area where the leather goods and accessories collections are displayed.

    The next area features masculine materials and finishes and hosts the ready-to-wear and footwear collections. The space is defined by ebony floorboards and walls, dark brown carpeting and cotto-coloured leather sofas.

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  • Prada Hong Kong opens 9th store

    Prada Hong Kong opens 9th store

    Prada Hong Kong has opened its ninth store – inside the prestigious Plaza 2000 in Causeway Bay.

    The space, designed by architect Roberto Baciocchi, covers a total area of 1320 sqm and features women’s and men’s ready-to-wear, leather goods, accessories and footwear collections three floors.

    Prada Plaza 2000 Hong Kong 315

    A stunning external facade pays tribute to French-Venezuelan artist Carlo Cruz-Diez. The large entrance, light boxes and windows are inserted into the lower part of the facade, which is clad in black marble and crowned by an imposing bronze and steel-coloured aluminium structure backlit to create a unique kinetic effect both day and night.

    Prada Plaza 2000 Hong Kong 1 315

    Overall, the facade stands 15 metres tall and stretches 45 metres in length on both sides of the building, located on the corner of Russel St and Canal Rd East.

    The entrance on the ground floor opens up on an area dedicated to the women’s leather goods, accessories and travel collections. The space is characterised by the signature black- and-white marble chequered flooring and green fabric-clad walls with alcoves heroing the product. Ultra-slim polished steel cases and display counters with drawers covered in coloured saffiano leather complete the furnishing.

    Prada Plaza 2000 Hong Kong 315 2

    An imposing black elevator leads to the upper floors.

    The second floor houses the women’s ready-to-wear and footwear collections. The area is defined by beige carpeting and green fabric-clad walls with polished steel-framed display niches. Transparent perspex display cases, crystal and steel tables and green velvet sofas enrich the space.

    Prada Plaza 2000 Hong Kong 2 315

    An elliptical black Marquinia marble staircase leads to the upper floor, where the men’s ready-to-wear, leather goods, accessories and footwear collections are displayed. The space wields masculine materials and finishes: ebony floorboards and walls, and palladium display counters. Ostrich leather sofas and lush pony skin carpeting in the area dedicated to footwear complete the setting and lend an elegant atmosphere to the entire floor.

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  • Prada Vietnam makes debut

    Prada Vietnam makes debut

    Italian luxury brand Prada has opened its first store in Vietnam – in Hanoi.

    Prada Vietnam has debuted in Hoan Kiem, the capital city’s premier shopping strip

    Designed by architect Roberto Baciocchi, the store covers a total area of 360 sqm on a single level and houses the women’s and men’s leather goods, accessories and footwear collections.

    The store is strategically located on the corner of one of Hanoi’s historic buildings overlooking the renowned August Revolution Square. White stone pillars and a series of windows and light boxes inserted into black marble volumes set the rhythm of the external façade.

    The entrance overlooking the square is enhanced by a large canopy extending over it. The interior comprises a succession of spaces, each featuring a different atmosphere.

    The area housing the women’s leather goods collection is defined by the signature black and white marble chequered flooring – a legacy of Prada’s identity worldwide – and green fabric-clad walls with cut-in niches exalting the display of the products.

    In the space dedicated to women’s small leather goods and accessories, black marble-clad walls create an elegant atmosphere. Polished steel display counters with drawers covered in coloured saffiano leather complete the furnishing.

    The area hosting women’s footwear is characterised by beige carpeting, green velvet sofas and walls with Prada’s iconic display niches. The space devoted to men features masculine materials and finishes: ebony floorboards and walls, dark brown carpeting and cotto-coloured leather sofas.

    Polished steel display cases and counters with drawers covered in coloured saffiano leather complete the setting.

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  • Prada opens new store in Auckland

    Prada opens new store in Auckland

    Prada recently opened a new store on Queen Street in Auckland, establishing a presence in the city’s prestigious shopping district.

    The new space, designed by architect Roberto Baciocchi, covers a total area of 350 square metres, spread over two floors, and houses the women’s and men’s ready-to-wear, leather goods, accessories and footwear collections.

    The external façade appears as a single large glass wall overlooking the street. The ground and first floor windows are framed by slim black marble profiles.

    The space dedicated to men features masculine materials and finishes: ebony floorboards and walls, palladium and crystal display cases defined by saffiano detailing in bright blue hues and light cotto-coloured leather sofas.

  • Prada opens third KL store

    Prada opens third KL store

    Prada recently opened its third store at The Gardens Mall in Kuala, Lumpur. Designed by architect Roberto Baciocchi, store covers a total area of approximately 390 square metres on a single level and houses the women’s and men’s leather goods, accessories and footwear collections as well as the men’s ready-to-wear collection.

    The area dedicated to the women’s collections has the signature black-and-white marble chequered flooring and green fabric-clad walls with polished steel display counters covered in coloured saffiano leather and green velvet sofas.

    Meanwhile, the space devoted to men discloses masculine materials and finishes. The first room, dedicated to leather goods and accessories, features black marble-clad walls with elegant polished steel display cases.