Prada

New Business

Luxury malls in Beijing, Shanghai slash rents, change tenant mix as consumer spending dips

A slowdown in Chinese consumer spending on luxury goods is affecting high-end malls in Beijing and Shanghai, with shopping centres…

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New Business

Prada to acquire rival fashion house Versace in whopping $1.4 Billion deal

Prada is set to acquire iconic Italian fashion house Versace in a major billion-dollar deal, aiming to bring together two…

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New Business

Gucci, Prada close more China outlets as consumers cut luxury spending

Global luxury retailers are hastening their retreat from China by shutting stores in high-end shopping malls across major mainland cities,…

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New Business

Hong Kong retail: Prada to open 8,000 sq ft store in K11 Musea after years of downsizing

Prada is renting an 8,000 sq ft store in K11 Musea, a harbourfront luxury shopping centre by New World Development,…

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