MILAN — Prada SpA had a strong first half — but is more cautious about the second.
Lifted by sales at its directly operated stores and led by double-digit growth in Asia-Pacific and the Americas, Prada reported a 7.6 percent rise in net profit to 308.2 million euros, or $400.6 million, in the six months ended July 31, compared with 286.4 million euros, or $369.4 million, in the same period last year. Revenues climbed 11.7 percent to 1.73 billion euros, or $2.25 billion, compared with 1.54 billion euros, or $1.97 billion, last year.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"