MILAN — Prada Holding saw drastic improvement in its second-quarter sales and earnings results, but the improvement couldn’t prevent top- and bottom-line declines in the first half.
In the second quarter, earnings before interest, taxes, depreciation and amortization grew 65 percent to $37.2 million and earnings before interest and taxes rebounded to $8.1 million from a loss of $1.4 million in the comparable 2001 period. Sales rose 11.5 percent to $349.7 million from $313.6 million in the 2001 quarter.
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?"