Leathergoods sales rocket at Prada
07/12/2012
Net revenues were €2.34 billion in the period, up 35% on the €1.73 billion last year, while net income reached €408.6 million.
Leathergoods grew by 51% and now account for 63% of consolidated sales; footwear recorded increases of 15%.
Overall, Prada saw 39% growth, while Prada-owned shoemaker Church’s grew 15% and moccasin footwear company Car Shoe increased 8%.
Patrizio Bertelli, Prada’s chief executive, commented: “It has been another extremely satisfactory quarter. The Group has continued to grow at a rate that has exceeded our expectations but great care has still been paid to cost control and working capital management. The group has again shown that it has the necessary ability and spirit of initiative to generate positive results, even in the difficult current international economic climate.”
The group opened 42 stores in the first nine months of the year, including shops in Brazil, Mexico, Morocco and the Ukraine.
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