Prada sales increase by a third in 2012
20/02/2013
The group owns UK-based shoemaker Church’s, as well as Car Shoe and fashion label Miu Miu.
Revenues were buoyed by particularly strong growth at Prada, which saw sales increase by a third over the year.
Patrizio Bertelli, Prada’s chief executive, said: “In a year characterised by a particularly difficult international economic environment, our group has made further important progress along its path of growth, consolidating its position at the head of the luxury goods sector.
“The strength of our brands, our ability to interpret and anticipate market trends and our global retail network continue to form the basis for our long-term growth strategy."
The group expanded its retail network during the year, opening 78 standalone stores, taking the number to 461 at the end of January, including 283 Prada stores, 126 Miu Miu stores, 45 Church’s stores and seven Car Shoe stores.
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