Gucci will buy prada

Prada group launched its initial public offering in HK Stock Exchange in June 2011. MiucciaPrada and her husband PatrizioBertelli and their family are the main shareholders of the group. The group includes Prada, MiuMiu and Church brands.

Is undergoing a restructuring phase of the Prada year-end financial report has not been announced, but in September 2017, the chief executive of PatrizioBertelli group pointed out that the first half of 2017 the decline in profitability is because Prada is going through the digital transformation, and that the long-term growth of optimism. He further said, “we believe that transformation and upgrading is the best way to restore steady growth in income and profit margins, though it may take longer than expected. The current cash flow and assets and liabilities of the group remain stable, which enables us to create value for the shareholders in the long run. ”

Although the Prada group in the Asia Pacific region including the signs Chinese, new clothing and leather products also recorded growth, but as of the first half of July 31st, the group net profit fell 18.2% to 116 million euros, income decreased by 5.5% to 1 billion 460 million euros.