MILAN — Prada SpA posted a 13.5 percent increase in net profits in the first quarter, lifted by the strong performance of its retail division, and growth in the Asia-Pacific and the U.S.
In the three-month period ended April 30, the Italian luxury firm’s net profits climbed to 138.2 million euros, or $181 million, compared with 121.7 million euros, or $160.6 million, in the same period the previous year. Revenues gained 13.9 percent to 782.3 million euros, or $1.02 billion, from 686.7 million euros, or $906.4 million.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)