The Jakarta Post
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Unfolding Stories
Prada records 'robust' growth despite Covid
Group revenues for 2021 reached 3.36 billion euros (US$3.8 billion), up 41 percent on 2020 and up eight percent on 2019, according to initial figures adjusted for exchange rate changes.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Italian luxury label Prada on Tuesday reported "robust" growth last year, driven by strong sales despite the continuing disruption of the coronavirus pandemic.
(Bloomberg/-)
I
talian luxury label Prada on Tuesday reported "robust" growth last year, driven by strong sales despite the continuing disruption of the coronavirus pandemic.
Group revenues for 2021 reached 3.36 billion euros (US$3.8 billion), up 41 percent on 2020 and up eight percent on 2019, according to initial figures adjusted for exchange rate changes.
The second half of 2021 "showed significant improvement in terms of revenues, margins and cash generation", the group, which also includes the Miu Miu, Car Shoe and Church's brands, said in a statement.
Sales in shops directly run by Prada, including online, rose 27 percent in the second half of the year compared to 2020 and 21 percent against 2019 levels.
Chief executive Patrizio Bertelli commented: "2021 was a year full of challenges but we proved to be ready and quickly responded to the needs of an extremely dynamic market."
In 2020, when the coronavirus pandemic forced the closure of many shops and halted international tourism, the label suffered a net loss of 54 million euros.
More from The Weekender
Tinggal Meninggal: How Kristo Imanuel dares moviegoers to laugh at death
Kristo Imanuel didn’t expect this film to be made. But now that it is, it might be doing exactly what he hoped: Helping people laugh at things they’re too afraid to talk about.
Breaking down 'Sore Idaman': Loss and love, on loop
A romance turned sci-fi turned tragedy, Yandy Laurens' Sore: Istri dari Masa Depan isn’t just a tearjerker: It’s a meditation on choosing love, every single time. Note: This review may contain spoilers.
Jakarta: A ‘city of cinema’ in the making
Jakarta has the potential to become a City of Cinema. But it needs more than a vision; it needs a system.
