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Prada Group CEO Andrea Guerra speaks to CNBC's Charlotte Reed about global luxury consumers, keeping the brand innovative and relevant, AI in fashion, and why they wanted to design the next generation of astronauts' spacesuits. Subscribe: @CNBCInternationalLive Subscribe to CNBC International: @CNBCInternational LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
Prada Group CEO Andrea Guerra speaks to CNBC's Charlotte Reed about global luxury consumers, keeping the brand innovative and relevant, AI in fashion, and why they wanted to design the next generation of astronauts' spacesuits. Subscribe: @CNBCInternationalLive Subscribe to CNBC International: @CNBCInternational LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
Prada is undervalued, with the market overly discounting Versace's integration risks and underappreciating Prada and Miu Miu's resilient organic growth. Core organic sales rose 5% in H1, with Q2 acceleration and stable 22.6% core margins; Versace's dilution is temporary as reset initiatives progress. Consensus estimates for €6.8B revenue and €1.34B operating profit in 2025 appear conservative; a 20% group margin could drive €1.36B operating profit and €900M net income.
The fashion house reported an acceleration in sales—climbing 5% on year—but warned that the market context would likely remain volatile.
Italian luxury group Prada extended its revenue growth in the first half, driven by strong demand in the Americas, although the acquisition of Versace, which the group is working to revive, weighed on profitability.
Disney and 20th Century Fox's "The Devil Wears Prada 2" opened the summer movie season with $77 million in ticket sales. Globally, the sequel tallied $233 million for its first three days in theaters, a whopping 72% of what the original "The Devil Wears Prada" generated during its entire theatrical run in 2006.
'Devil Wears Prada 2' Producer Wendy Finerman joins 'Fast Money' to talk the kick off to the summer movie season, the state of the entertainment business, and much more.
Hollywood is using warm fuzzies for decades-old pop culture to draw audiences to theaters.
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