Prada Profits Gain 11% in First Half
5 monthes ago - By WWD
MILAN - Prada SpA is growing again.
In the first six months of the year, all markets and product categories helped the Italian company post an 11 percent rise in net profits, which reached 106 million euros.
“A new phase of progress has begun in which Prada Group can deliver its full potential, Prada chief executive officer Patrizio Bertelli said on Wednesday.
In the six months ended June 30, revenues climbed 3 percent to 1.5 billion euros. At constant exchange rates, sales grew 9 percent.
“Prada Group achieved very satisfactory results in the first half of 2018 with revenue growth across...
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Swimwear market to reach 28 million US dollars by 2024
5 monthes ago - By Fashion United
The global swimwear market is expected to reach 28,148 million US dollars by 2024, a compound annual growth rate of 6.2 percent from 2018 to 2024, according to a new report from Allied Market Research.
The report reveals that growth of the global swimwear market is primarily being driven by product innovation, with the changes in fashion trends and increases in disposable income of consumers resulting in the increased purchase of modern and designer swimsuits, especially multifunctional one-piece and cover-ups, which are perceived as fashion statements.
The women's swimwear segment was the...
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