PRADA EXPANDS: Prada Japan opened a 10,000-square-foot, directly operated shop in Ginza, Tokyo, last weekend. It will be followed by another Prada shop, with six floors, in Aoyama, Tokyo, in June. The Ginza store was inaugurated by Patrizo Bertelli, chief executive of the Prada Group, who flew in from Milan. The store, which has three floors, is expected to have sales of about $23.3 million in its first year. Prada said the unit did about $432,000 worth of business in its first three days.
Prada Japan, the company’s wholly owned subsidiary, posted sales of approximately $250 million in 2002, up 10 percent from the previous year, with an increase of 15 percent forecast for the current year.
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