Stocks Prada SpA


  • *Ferrari shares flat in Milan debut. MILAN, Jan 4- Ferrari made a flat debut in Milan on Monday as the luxury sportscar maker completed its divorce from Fiat Chrysler Automobiles, leaving the parent to fight its future alone. FCA's Chief Executive Sergio Marchionne, who is also Ferrari's chairman, said on Monday that other carmakers had approached him proposing a...

  • *Longest period of decline since 2002. HONG KONG, Jan 4- The value of Hong Kong retail sales fell for a ninth consecutive month in November, the longest period of decline in 13 years, hit by a slide in the number of Chinese tourists coming to the city and by weak consumer spending. Retail sales plunged 7.8 percent from a year earlier, the biggest percentage drop since...

  • Dec 18- Sellers of Western luxury brands eager to capitalize on the new wealth of Chinese consumers are showering attention on mainland students in the United States, even as sales in China falter. As economic growth in China has slowed and as Beijing's anti-corruption drive cuts into sales of high-end goods there, makers of luxury brands are trying to tap this...

  • Asian markets close higher, Fed decision awaited Wednesday, 16 Dec 2015 | 6:46 AM ET

    Asian markets climbed on Wednesday, taking cues from a strong finish on Wall Street.

  • HONG KONG/ MILAN, Dec 15- Italian luxury goods maker Prada reported a 38 percent fall in quarterly profit on Tuesday, hit by slumping sales in Greater China as the country's economic growth slowed. Prada posted a 6 percent drop in sales in August-October to 748 million euros. Prada executives told analysts the group would reduce price gaps for its products across...

  • Oil workers make a pipe connection on a drilling rig near Encinal, Texas.

    European markets closed sharply lower on Friday as investor sentiment was curbed by more declines in the oil price.

  • *Ferrari starts trading on NYSE at $60. NEW YORK/ MILAN, Oct 21- Ferrari shares jumped 15 percent to $60 on its Wall Street debut on Wednesday after the Italian supercar maker priced its share offering at the top of the range amid heavy investor demand. Ferrari Chief Executive Amedeo Felisa and Chairman Sergio Marchionne were at the New York Stock Exchange to ring...

  • PARIS/ HONG KONG/ NEW YORK, Oct 13- Chinese luxury consumers are spending more on ready-to-wear and new labels, a notable shift in the behaviour and tastes of the world's top spenders, a Reuters survey of retailers in the United States, Asia and Europe showed. Analysts estimate more than two thirds of luxury purchases by Chinese buyers is done overseas, mainly in...

  • FACTBOX-Ferrari gears up for Wall Street debut Monday, 12 Oct 2015 | 11:12 AM ET

    Oct 12- Fiat Chrysler Automobiles is selling 10 percent of luxury carmaker Ferrari later this month. *FCA will sell up to 10 percent of Ferrari at $48- $52 a share, assigning the luxury sportscar maker a market capitalisation of up to $9.8 billion. *FCA currently owns 90 percent of Ferrari, with the remaining 10 percent held by Piero Ferrari, vice chairman and son of the...

  • Ferrari's IPO could value the company near $10B Sunday, 11 Oct 2015 | 12:42 AM ET
    Ferrari 488 Spider

    Ferrari expects its U.S. IPO to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion.

  • *Drop in tourists from China hits sales. HONG KONG, Oct 2- Hong Kong retail sales fell for the sixth straight month in August as a drop-off in tourist arrivals from mainland China and its economic slowdown took a bite out of the luxury goods business. On Wednesday, Financial Secretary John Tsang told Reuters that Hong Kong is looking at a "new normal" economic growth...

  • HONG KONG, Sept 30- Famed diamond supplier De Beers expects the value of its sales of the polished jewel in China may rise this year by just over a tenth of 2011' s surge, as the economy that has long bolstered global luxury goods heads for its weakest growth in 25 years. "The bridal business and the gifting business, particularly amongst younger consumers in China, is...

  • Hot or not? The best and worst fashion stocks Wednesday, 9 Sep 2015 | 1:09 PM ET

    Ahead of Thursday's start to the spring fashion shows, here are the best- and worst-performing stocks with ties to the runways.

  • China stocks outperform cautious Asia, up nearly 5% Monday, 10 Aug 2015 | 3:13 AM ET

    China's Shanghai Composite index bucked the cautious sentiment across Asia on Monday, surging nearly 5 percent to end at a two-week high.

  • Asian stocks declined on Monday on the back of concerns over Greece's debt talks and fresh tightening of margin financing in China.

  • Slew of target cuts crush Prada shares Monday, 15 Jun 2015 | 2:14 AM ET

    Investors dumped shares of Prada on Monday following an ugly earnings report, which prompted brokerages to slice their price target for the stock.

  • America's most lucrative shopping malls Monday, 8 Jun 2015 | 10:44 AM ET
    The Grove mall

    Despite all the talk about dead malls, there are still those that hear the registers ring. America's top 10 malls, by sales by square feet.

  • Here's where retailers are headed next Tuesday, 2 Jun 2015 | 12:59 PM ET
    A pedestrian walks past a Cartier store in Shanghai, China

    Through international turmoil, retailers are staying the course in expanding their brands overseas.

  • Asian stocks outside Australia recovered from a lackluster open to rise on Monday as a modestly positive lead from Wall Street offset the impact of sliding oil prices.

  • Prada profit dips on falling sales in China, Europe Sunday, 29 Mar 2015 | 11:01 PM ET
    A Prada store in Beijing.

    Prada reported a 28 percent fall in its 2014 net profit, as growing retail sales in the Americas and Japan failed to offset declines in China and Europe.