Prada S.p.A. (1913.HK)
| Previous close | 61.600 |
| Open | 60.000 |
| Bid | 60.250 x 0 |
| Ask | 60.300 x 0 |
| Day's range | 59.500 - 61.100 |
| 52-week range | 40.150 - 66.800 |
| Volume | |
| Avg. volume | 1,631,772 |
| Market cap | 154.297B |
| Beta (5Y monthly) | 1.20 |
| PE ratio (TTM) | 27.04 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.13 (1.88%) |
| Ex-dividend date | 29 Apr 2024 |
| 1y target est | N/A |
- Reuters
UPDATE 3-Burberry looks to classics after Lee's designs struggle to excite
Burberry said on Wednesday it would increase its focus on classic designs like trench coats after a sharp fall in sales in the fourth quarter when stores featured new designer Daniel Lee's collection of more expensive runway fashion. Burberry has been trying to move upmarket under its latest banner of "Modern British Luxury", with references to the brand's 168-year-old heritage, dressing the English upper class. Results published on Wednesday showed the extent of the challenge facing Chief Executive Jonathan Akeroyd, with fourth-quarter like-for-like sales slumping 12% and annual profits down by 34% to 418 million pounds ($526 million).
- Associated Press Finance
Prada focuses generational transition on artisans, expanding production and workforce in Italy
The Prada Group is expanding its production footprint in Italy, including dozens of new jobs at its knitwear factory in Umbria, leaning into “Made in Italy” as integral to the brand’s ethos and developing new artisanal talent to ease the luxury group through a generational shift in its workforce. Prada CEO Andrea Guerra, who was brought in last year as part of the generational change in family-run Prada’s management, said at an unveiling of the expanded plant Tuesday that the company is investing 60 million euros ($65million) in production this year. At Torgiano, Prada has added 30 new jobs this year, alongside 65 last year, bringing the workforce to some 220 employees, mostly women, to create knitwear for the Prada and Miu Miu brands, a key category for the group.
- Fortune
Heir to Prada’s billionaire owning family signals openness to acquisitions as luxury dynasties look to the future
“We have been and will always be open to considering opportunities,” Lorenzo Bertelli, heir of the billionaire Prada family, said.
