Prada CEO sees revenues rising to 5 billion euros in 4-5 years: paper By Reuters

© Reuters. FILE PHOTO: Coronavirus disease (COVID-19) outbreak in Geneva

MILAN (Reuters) – Italian luxury group Prada (OTC:) sees revenues rising to 5 billion euros ($6.05 billion) in 4-5 years and plans to invest 100 million euros per year in production sites and shops in coming years, its CEO said on Thursday.

In an interview with Italian daily Il Sole 24 Ore, Patrizio Bertelli also said there could be positive signs for the luxury sector as a whole from March, when lockdowns in many European countries will end.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button