Prada Surpasses Gucci To Become Italy'S Second Largest Luxury Group

< p > according to relevant data, in the 2013 fiscal year ending December 30, 2013, although the growth rate was 3.2% slower than the previous year, Luxottica's lousson ladder revenue still recorded a record 7 billion 312 million 600 thousand euros, an increase of 7.5% under the fixed exchange rate, and 7 billion 86 million 100 thousand euros in the 2012 fiscal year.

In the same period, Prada SpA Prada revenue increased by 8.8% to 3 billion 586 million euros, which was also far behind the 29% growth rate in fiscal 2012. It was also inferior to analysts' expectations, with a fixed exchange rate of 13%.

Gucci SpA continued to slump in the 2013 fiscal year, with revenues falling by 2.1% to 3 billion 561 million euros and a 2.2% increase at fixed exchange rates, thus being surpassed by Prada SpA Prada for the first time.

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< p > according to Pambianco, the total revenue of Italy fashion group rose by 2.9% to 33 billion 480 million euros in 2013, and the 21 companies that released data rose by 11.1%.

Among them, Valentino SpA revenue rose the highest, reaching 24.8%.

Driven by sales growth in major markets and clothing and accessories sectors, Valentino SpA rose to 488 million euros in 2013 from 391 million euros in fiscal year 2012, and EBITDA (interest profit before depreciation and amortization) increased from 34 million euros in 2012 to 65 million euros, while operating profit 36 million euros, 2.4 times the 15 million euro in 2012, and net profit was not disclosed.

The same store sales increased by 35-40% throughout the year.

At the end of 2013, the Moncler SpA (MONC.MI) was listed as the second largest producer of the down coats, with a total annual income of 580 million 600 thousand euros, an increase of 18.7% over the 489 million 200 thousand euro in fiscal 2012 and an increase of 25% under the constant exchange rate.

Stimulated by strong sales and 14% store sales, retail channel revenue rose 33% to 333 million 600 thousand euros, while wholesale channel revenue was 247 million euros, also a 4% increase.

The growth rate of Gianni Versace SpA increased by third, or 17.2%, and its annual sales reached 479 million 200 thousand euros, of which 32% and 19% increased in the US and Asia respectively. The main line Versace Versace contributed 60% of sales, while the sales of perfume and watches increased by 24% and 16% respectively.

Driven by strong sales in wholesale and retail channels as well as all major markets in the world, Gianni Versace SpA achieved a significant growth of 27.6% in fiscal year 2013, from 8 million 500 thousand euros in fiscal 2012 to 10 million 900 thousand euros.

According to the constant exchange rate, the profit before the depreciation and amortization of EBITDA is 71 million euros, up 60% from the same period last year.

In addition, Gianni Versace SpA sold 210 million euros at the end of February 2014 to sell 20% equity to the US private equity fund Blackstone Group LP (NYSE:BX) Blackstone.

Gianni Versace SpA will use this fund to accelerate the expansion and expansion of product categories and supply in emerging markets, so as to double annual sales to 800 million euros by 2016, and be listed in 3-5 years.

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< < p > > the 21 Italy fashion group released the data in the 2013 fiscal year of EBITDA, the rate of interest rate reached 21.9% in the 2013 fiscal year, compared with the 50 base points in the 2012 fiscal year, of which the interest rate of Gucci Gucci EBITDA ranked the top in 2013, reaching 35.8%, followed by the Kering SA (KER.PA) group's luxury brand Bottega Veneta Bao butterfly, the EBITDA interest rate rate was 34.9%, the Moncler EBITDA (33%), and the Prada group increased by 8.6% to 1 billion 140 million euros, but the rate of interest rate dropped from 2012 to 2012.

The report of < p > Pambianco pointed out that due to the slowdown in Chinese sales and geopolitical factors in Russia and other places, the luxury market in the 2014 fiscal year will be hard to predict.

However, Bain & Company Bain consulting and Italy luxury goods association Fondazione Altagamma released the 2014 spring version of the Worldwide Luxury Markets Monitor (global luxury market monitoring) report on Monday. According to the fixed exchange rate, the global luxury market is expected to grow 4-6% in 2014, further slowing than 2013, and EBITDA will grow by 7%.

In the first quarter of this year, the growth rate of fixed exchange rate was 6%, similar to that of last year, and the increase was 2-3% according to the real exchange rate.

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