MILAN — Prada SpA couldn’t have laid the groundwork better for a possible initial public offering: The company on Monday said it closed 2010 with record profits and sales. As chief executive officer Patrizio Bertelli put it, last year’s sales and profits “were never obtained before in the history of Prada.”
Boosted by the performance of its retail network, the Italian luxury goods house said net profit in the year ended Jan. 31 totaled 250.8 million euros, or $336 million, a 150.4 percent surge compared to 100.2 million euros, or $140.2 million, in the previous year.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"