Prada aims to double sales in China

With Asia Pacific its number one market, the Italian luxury group’s flagship Maison intends to invest in new store concepts in China, and is counting on more events to strengthen its presence.

 

Prada is going all out for China.

 

Prada’s CEO, Gianfranco D’Attis, took advantage of an event in Shanghai, the launch of the “Pradasphere II” exhibition, on December 6 to set out his ambitions for this major luxury market.

 

And it’s not the current slowdown in luxury consumption in the Middle Kingdom that is dampening the spirits of the man who took over the reins of the Italian luxury group’s eponymous flagship Maison at the beginning of 2022. Listed on the Hong Kong stock exchange, the group also owns Miu Miu and Church’s.

 

“We have great ambitions here in China to double our business in the near and medium term,” Gianfranco D’Attis told the press. He also spoke of increased investment in this market, but not necessarily in the form of a quantitative increase in sales outlets.

 

He added: “It’s not just the number of stores that’s important to us, but the quality of the stores, bigger stores with more categories, more localized products, more experiences, more hospitality, more events, more special capsules”.

 

Cafés Prada

 

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Read also > PRADA REPORTS SOLID GROWTH IN THE FIRST NINE MONTHS OF 2023

 

Featured Photo: Unsplash

Picture of Sophie Michentef
Sophie Michentef
Sophie Michentef has worked for more than 30 years in the professional press. For fifteen years, she managed the French and international editorial staff of the Journal du Textile. She now puts her press, textile, fashion, and luxury expertise at the service of newspapers, professional organizations, and companies.

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