Prada's strong sales, profits may boost its IPO potential
Article Abstract:
First-half operating profit for Italian apparel brand Prada S.p.A. rose 40% to reach $197.3 mil, driven by an 18% rise in sales. Net profit was not reported. It is expected that such growth will draw interest in the firm, and whether Prada decides to list is likely to influence other clothing brands.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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With good times rolling, labels have the luxury of planning for bad ones
Article Abstract:
Sales of luxury goods are booming , reflecting stronger U.S. and European economies. However, the fashion industry is preparing for the next downturn by building a local clientele, making the industry less dependent on tourism.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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