Prada S.p.A. (PRDSF)
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Exclusive: Prada to launch $930 ‘Made in India' sandals after backlash
Prada will make a limited-edition collection of sandals in India inspired by the country's traditional footwear, selling each pair at around 800 euros ($930), Prada senior executive Lorenzo Bertelli told Reuters, turning a backlash over cultural appropriation into a collaboration with Indian artisans.
Prada's Versace parts ways with Chief Creative Officer Dario Vitale
Versace's creative director Dario Vitale is leaving the brand after only months in the role, the Italian fashion company said on Thursday.
Prada: The Stock That Stands Out In The Luxury Industry
Prada S.p.A. is rated a solid Buy, offering superior growth and a cheaper valuation than luxury peers despite recent market skepticism. Key uncertainties include the Versace acquisition's integration, given Versace's stagnant revenue and operating losses, but successful turnaround could unlock significant value. Miu Miu's explosive growth—41% YoY in nine months—offsets Prada's modest brand decline and demonstrates management's brand-building capabilities.
