Prada 2014 sales flat but Church’s looks healthy
24/02/2015
The group fared well in the Americas where sales rose 8%.
The situation was more difficult in Asia-Pacific with sales 5% down on prior year at current exchange rates. The fall originated primarily in Hong Kong and Macau, where market conditions deteriorated significantly during the second half of the year.
Sales increases were achieved at footwear companies Church’s, up 14.8% at current exchange rates and Car Shoe, up 12.7%.
Prada CEO Patrizio Bertelli said: “Throughout financial year 2014, we operated under a geopolitical and monetary environment which was more uncertain and complex than could have been envisaged. This situation has temporarily held up the Group’s path of growth, but it will not affect our medium/long-term growth objectives.
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