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Top related persons:
Italy's Prada - 1 Miu Miu - 1 Andrea Guerra - 1 Elisa Anzolin - 1 Alvise - 1
Top related locs:
Hong Kong Asia Europe Americas
Top related orgs:
MILAN - 1 Thomson - 1

Search resuls for: "Italy's Prada"


3 mentions found


☆ Asia, Europe provide impetus for Prada in first half
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +1 min
MILAN, July 27 (Reuters) - Italy's Prada posted 20% growth at constant exchange rate in first half sales, just below consensus, but profitability jumped by more than expected. Revenues at the luxury group, listed in Hong Kong, totalled 2.232 billion euros ($2.49 billion), boosted by Asia and Europe and despite lower retail sales in the Americas. Strong momentum at its smaller Miu Miu also helped to support sales growth. Analysts expected 2.275 billion euros, according to a consensus gathered by Reuters. Adjusted earnings before interest and taxes (EBIT) jumped to 491 million euros from 305 million euros in the first six month of last year and compared to analysts' estimate of around 460 million euros.
Persons: Italy's Prada, Miu Miu, Andrea Guerra, Elisa Anzolin, Alvise Organizations: MILAN, Reuters, Thomson Locations: Hong Kong, Asia, Europe, Americas
☆ Nike to drop use of kangaroo skins for its shoes in 2023
  + stars: | 2023-03-14 | by ( ) www.reuters.com   time to read: +2 min
March 14 (Reuters) - Nike said it will stop using kangaroo skins for its shoes this year, weeks after a similar step from German rival Puma, which would end a highly controversial practice that has drawn ire from consumers and animal rights activists. Sportswear giant Nike Inc (NKE.N) in a statement issued on Monday said it would debut a new line of Tiempo football boots, called the Tiempo Legend Elite, with a proprietary synthetic material that replaces the use of kangaroo leather. The Tiempo Premier line of football boots, which is set to launch this summer, will also forego kangaroo skin, Nike said. The decision from Nike and Puma (PUMG.DE) to end the use of kangaroo skin in their football boots comes as a big win for animal welfare activists, who have for long urged companies to drop unethical practices involving animal cruelty. The group has spearheaded the "Kangaroos Are Not Shoes" campaign, which it announced in 2020, and has been key behind introducing legislation banning the import and sale of kangaroo products.
☆ Prada sees solid revenue growth for 2023 after beating expectations last year
  + stars: | 2023-03-09 | by ( ) www.reuters.com   time to read: +1 min
MILAN, March 9 (Reuters) - Italy's Prada said on Thursday it expects revenue growth to outpace rivals this year, after sales exceeded analyst expectations in 2022 thanks to a strong performance in Europe. "In 2023, we expect revenue growth to remain solid and above market average," Prada's new Chief Executive Andrea Guerra said in the statement, adding that China had started again to be "an engine of growth". Prada said net sales grew 63% in Europe with a strong performance across the region, sustained by local demand and an upturn in tourism throughout the year. Revenue growth in the Americas stood at 22% with a "normalisation" in the second half of last year. The growth in Asia Pacific was hit by the lockdowns in China, but the strong performance in South Korea and South East Asia helped to contain the decline.
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