The Scenario May Be Different, but Prada Group Continues to Grow

continued to grow across all key regions and at its own stores in the first quarter of the year, but chief executive officer Andrea Guerra remains grounded.During a call with analysts on Wednesday, Guerra said “sharpness of positioning, creativity and communication will be critical this year, when we will observe a different kind of market and trends.

The group did not break down sales by product category and, as analysts asked about this, both executives said that leather goods was the segment that grew the most from the last quarter of 2023 and in the first quarter of 2024. This “in a world where the category has been sluggish” over the past year and into 2024, Guerra said. With leather goods, it’s key “to nurture icons and be bold with new styles.

Asked about the potential of the Prada beauty license with L’Oréal, which took effect in January 2021, Guerra said Prada eyewear is “the number one or two in eyewear in the world , can this happen in beauty? Probably not, it’s an unbelievable long journey but so far it’s been well above our and L’Oréal’s expectations. Fragrances are moving fast, Luna Rossa for men and Paradoxe for women are escalating the ranks.

Miu Miu’s fall 2024 show contributed to “driving brand desirability further. Leather goods continued to be received very positively by clients, with both new lines and icons performing well, also supported by dedicated campaigns,” the company said. In addition, Miu Miu’s collaborations with Church’s and New Balance “contributed to give further dynamism” to the identity of the brand.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

14 Pairs of Designer Mary Janes That We Can’t Stop Thinking AboutFrom Miu Miu's block heel to Chanel's classic cap toe.
Source: harpersbazaarus - 🏆 467. / 52 Read more »

Gigi Hadid Rocks Retro Hairstyle in Miu Miu CampaignModel Gigi Hadid is seen sporting a close-cropped and blunt retro hairstyle in her latest Miu Miu campaign, drawing inspiration from the work of pioneering British interwar photographer Yevonde.
Source: glamour_fashion - 🏆 119. / 63 Read more »

Miu Miu honors female revolutionary of color photographyHomaging the late artist known as Yevonde, American model Gigi Hadid showcases the Italian fashion house’s reimagined Arcadie and Wander purses.
Source: LuxuryDaily - 🏆 325. / 59 Read more »

Miu Miu Canvas and Leather Bucket Bag: The Perfect Summer AccessoryMiu Miu, a buzzy brand in fashion, has released a canvas and leather bucket bag that is perfect for a summer getaway. With its leather lettering logo, adjustable handle, linen lining, and gold-tone hardware, this bag is both stylish and charming. Available for purchase now.
Source: latimes - 🏆 11. / 82 Read more »

Just 7 Under $200 Moto Boots That Look Just Like *That* Miu Miu PairBuy Now $180 These are the boots I wore all around Coachella. The overloaded hardware gives these boots an extra badass feel, and they were so comfortable. They even withstood the Coachella dust that they were covered in after stomping around for two days, but I ran them under the sink and they were good as new.
Source: StyleCaster - 🏆 104. / 63 Read more »

Prada Group Reports Continued Growth in Q1All geographic markets contributed to the growth of the Prada Group in the first quarter and Miu Miu retail sales climbed 89 percent.
Source: wwd - 🏆 24. / 68 Read more »