Prada Group Recorded Its Best Performance In 2012.

< p > luxury group Prada recently held its first shareholder meeting in Milan.

Since its listing in Hongkong in 2011, the group's annual shareholders' meetings have been held in Hongkong and Milan respectively.

The Group recorded its best performance in 2012, with net profit reaching 625 million 700 thousand euros, an increase of 44.9%, and turnover of 3 billion 297 million euros, an increase of 29%.

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"Patrizio growth is due to the fact that we spend a lot of time studying and analyzing the market, and also relying on the unremitting efforts of Miuccia Prada to achieve continuous updating of products instead of stereotyped", said Patrizio Bertelli, group president.

The group plans to open nearly 80 stores this year.

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< p > the new store will include a flagship store in Milan and 12 additional stores in China.

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Group P has entered the Chinese market in 1985, and now there are 20 branches.

Patrizio Bertelli said, "this is only half the number of our competitors, which indicates that we still have great potential for development in this market, as in other parts of Asia, around the world, in the Americas, North Africa and the Middle East."

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< p > but he has reservations about e-commerce channels.

In his view, this "good operation in the United States is due to local law allowing consumers to return goods within one month after shopping, even if they have been used".

He also denied the possibility of acquiring a new company.

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< p > group also has no intention to plan to list in Milan at the same time after Hongkong.

He said, "Hongkong is enough.

The simultaneous listing of both places will complicate management.

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