CEO: Italy's Prada Sales See Growth in Asia

Fashion

July 3rd, 8:27am

Asharq Al-Awsat

FILE PHOTO: Shoppers are seen queuing outside the Prada shop at Bicester Village, amid the spread of the coronavirus disease (COVID-19), in Bicester, Britain, June 18, 2020. REUTERS/Eddie Keogh/File Photo

Sales at Italy’s Prada are growing at double-digit rates in Asia while any forecast for the US market is hard to make due to the health emergency, the Chief Executive of the luxury group Patrizio Bertelli said on Thursday. “In (Asia and China), sales are growing at important — double digit — rates and we are confident that this trend can continue also in the months to come,” Bertelli told online fashion magazine WWD in an interview, Reuters reported. Bertelli also said that consumers had returned to “fast and sustained” spending. In a separate interview, Bertelli’s son Lorenzo said he did not rule out replacing his parents at the head of the company in the future. “I like to challenge myself and solve problems. I simply want to enjoy what I’m doing. I’m now enjoying what I’m doing. And so...why not?” he told Business of Fashion, answering a question on the succession plans at Prada.

from Asharq AL-awsat https://english.aawsat.com/home/article/2368136/ceo-italys-prada-sales-see-growth-asia