On May 7, Andrea Guerra, CEO and Marketing Director and Lorenzo Bertelli, Head-CSR, Prada Group, marked a significant milestone in the Group’s industrial growth and sustainability efforts as it unveiled the expanded Torgiano knitwear hub.
The expanded Torgiano facility doubles the brand’s production capacity and employs over 200 locals, predominantly women, reinforcing its commitment to ‘Made in Italy’ craftsmanship and nurturing the next generation of artisans.
Defying the volatility in the luxury market, Prada Group reported an 18 per cent Y-o-Y growth in retail sales during Q1, FY24, its 13th consecutive quarter of growth. The brand’s strategy for creating sustainable value and its dedication to cultural conservation and change provide a competitive edge in a turbulent market while other luxury brands continue to struggle with sales slumps.
