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Prada

February 22, 2013

It has generally been a strong week for family business results, with Lego and Prada posting impressive profits for 2012, while Walmart reported solid growth.

It has generally been a strong week for family business results, with Lego and Prada posting impressive profits for 2012, while Walmart reported solid growth.

Lego
In the face of sluggish economic recovery in Denmark, the toymaker famous for making billions of small, coloured bricks every year has posted outstanding results for 2012.

October 1, 2012

From British car dealer Arnold Clark Automobiles to fashion retailers Hennes & Mauritz and Prada, a number of family businesses in Europe have recently posted positive financial results, while Italian carmaker Fiat has seen its sales in the continent drop. 

From British car dealer Arnold Clark Automobiles to fashion retailers Hennes & Mauritz and Prada, a number of family businesses in Europe have recently posted positive financial results, while Italian carmaker Fiat has seen its sales in the continent drop.

Glasgow-based Arnold Clark, which is controlled by the founding Clark family, said on 28 September that its 2011 profits rose by 2.4% to £51.7 million (€64.7 million), compared to £50.5 million in 2010.

August 8, 2012

It’s been a week of ups and downs for family businesses as Singapore’s United Overseas Bank and the Philippines’ Aboitiz Equity Ventures registered half-yearly double-digit profit growth, while Prada, DKSH and Campari posted healthy revenue gains for the same period on the back of their Asian businesses.

It’s been a week of ups and downs for family businesses as Singapore’s United Overseas Bank and the Philippines’ Aboitiz Equity Ventures registered half-yearly double-digit profit growth, while Prada, DKSH and Campari posted healthy revenue gains for the same period on the back of their Asian businesses. Molson Coors and Douglas Holdings, however, reported significant falls in net income.

July 12, 2012

When it comes to fashion, few countries get it as right as Italy. CampdenFB looks at some of Italy’s better-known family-controlled fashion houses – and the important role of the family within them.

When it comes to fashion, few countries get it as right as Italy. After all, the country has given rise to such iconic brands as Armani, Prada, Gucci and many, many more.

June 12, 2012

Crisis or no crisis, French family-controlled drinks-maker Remy Cointreau has reported annual revenues of more than €1 billion for the first time in its history, while luxury goods group Prada has seen net income for the first quarter shoot up by more than 100%.

Crisis or no crisis, French family-controlled drinks-maker Remy Cointreau has reported annual revenues of more than €1 billion for the first time in its history, while luxury goods group Prada has seen net income for the first quarter shoot up by more than 100%.

Paris-based Remy Cointreau, behind brands such as Remy Martin cognac and Mount Gay rum, said preliminary sales for the year ending 31 March rose by 13% to €1.02 billion. It had a turnover of €907.8 million in the previous fiscal year.

May 24, 2012

At a time when the eurozone crisis shows no sign of abating, family businesses such as America Movil, Prada and LVMH are giving mixed signals about their expansion plans.

At a time when the eurozone crisis shows no sign of abating, family businesses such as America Movil, Prada and LVMH are giving mixed signals about their expansion plans.

According to Carlos Slim Domit, co-chairman of Mexican telecommunications group America Movil, now is a "good moment" to invest in Europe because of the continent's ongoing debt crisis.

April 6, 2012

Everyone knows Italians take fashion seriously. So it should come as no surprise that the country’s national sailing team will wear clothing designed by one of Italy’s most famous fashion houses at the Olympic Games in London this summer.

Everyone knows Italians take fashion seriously. So it should come as no surprise that the country’s national sailing team will wear clothing designed by one of Italy’s most famous fashion houses at the Olympic Games in London this summer.

Family-controlled Prada announced this week that it will create the outfits for both the athletes and the technical staff, as part of its sponsorship agreement with Federvela, the Italian sailing federation.

April 3, 2012

It’s been a good year for three European family businesses – Italian fashion group Prada and Turkish conglomerate Sabanci Holding both posted double-digit growth, while Folli Follie in Greece saw its profits rise despite the country’s “severe recession”.

It’s been a good year for three European family businesses – Italian fashion group Prada and Turkish conglomerate Sabanci Holding both posted double-digit growth, while Folli Follie in Greece saw its profits rise despite the country’s “severe recession”.

Milan-based Prada, which was founded in 1913 by brothers Mario and Martino Prada, said on 29 March that EBITDA jumped 41.7% in 2011 to €759.3 million, from €535.9 million the previous year.

September 20, 2011

Net profit at family-controlled fashion group Prada jumped 74% in the six months to 31 July, buoyed by higher consumer demand in Asia and the opening of 29 new stores. 

Net profit at family-controlled fashion group Prada jumped 74% in the six months to 31 July, buoyed by higher consumer demand in Asia and the opening of 29 new stores.

The Milan-based luxury goods maker, which include brands such as Miu Miu and Church’s, said its 2011 first-half net profit increased to €179.5 million, from €103 million during the same period in 2010.

Net revenues grew by 21% to €1.13 billion, up from €936.5 million a year earlier, the company announced on 19 September.

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