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

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

FILE PHOTO: A man walks past a closed Prada shop after partial lockdown measures were introduced amid the coronavirus disease (COVID-19) outbreak in Geneva, Switzerland, November 16, 2020. REUTERS/Denis Balibouse

MILAN: Italian luxury group Prada sees revenues rising to 5 billion euros (US$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.

(Reporting by Maria Pia Quaglia, editing by Giulia Segreti)

Source: Reuters

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