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Italian fashion house Prada is trying to negotiate lower shop rents in Hong Kong and Macau to reflect weak sales and the dwindling flow of wealthy tourists from mainland China, its chairman said last week. However, the Hong Kong-listed group does not plan to…
Continuing volatility in the market and the exchange rate landscape in Hong Kong, Macau and the Asia Pacific region (excluding Japan) has been blamed for Prada’s overall net profit fall of -23% to €188.6m ($212.7m) in the first half of 2015. Despite the big…
Burberry, Prada and Gucci head a list of international fashion brands progressively opening at The Promenade shopping centre in the Galaxy Macau. The Promenade is part of the stage 2 development of the integrated resort, which opened its doors on May 27. But…
Studio City and Taubman Asia, have revealed the lineup of fashion brands that will open inside The Boulevard at Studio City. A mix of fashion-forward labels and internationally-renowned luxury brands include Macau’s first Balmain, Macau’s first Belstaff, and…
Prada Japan has posted a strong sales lift in the first half thanks to a burgeoning number of inbound tourists. Sales in the Japanese market grew by 12 per cent year on year current exchange rates and by five per cent on constant exchange rates. Tellingly,…
Prada Jakarta has opened its doors, the luxury Italian fashion brand’s first store in Indonesia. The new 420 sqm single level store is located inside the upmarket Pacific Place shopping mall. The retail space, designed by architect Roberto Baciocchi, houses…
Prada China has opened a brand new retailer in Wuhan, inside the distinguished Worldwide Plaza purchasing centre. The 2-level, 950 sqm retailer area, designed by architect Roberto Baciocchi, homes the ladies’s and males’s ready-to-wear, leather-based items,…
The merger of the world’s two biggest online fashion stores, Net-a-Porter, or NAP, and Yoox, sends a warning to luxury brands to embrace the Internet with more vim after years of resistance. Top brands such as Prada and LVMH’s Christian Dior still baulk at…
Prada has strengthened its Bangkok presence opening a new 440 sqm store in The Mall Group’s new EmQuartier shopping centre. The store, designed by architect Roberto Baciocchi, comprises a single level destination and houses the women’s and men’s…
Prada brand Miu Miu has unveiled a new project with Swiss architects Herzog & de Meuron, the centrepiece of its Japanese operations. The 720 sqm building on Miyuki St in the Aoyama District of Tokyo will be the cornerstone of the brand’s Japanese activities.…
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…
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…
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…
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…
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…
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…
