Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Prada appoints new chief business development officer

Published 06/01/2022, 07:28 AM
Updated 06/01/2022, 07:30 AM
© Reuters. FILE PHOTO: Prada signage is seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly

ROME (Reuters) - Italy's Prada (OTC:PRDSY) said it had appointed Roberto Massardi as the luxury group's chief business development officer at a time when the fashion group looks to expand its business after the hit on the sector by the coronavirus pandemic.

Massardi, who is already in his new role and reports directly to the company's chief executives, will be responsible for assessing new business opportunities, the company said in a statement on Wednesday.

He had worked for Prada in the past and was the director general of Stone Island, a brand recently acquired by the Moncler group.

© Reuters. FILE PHOTO: Prada signage is seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly

Prada has emerged strongly from the pandemic, thanks to a desire among cooped-up consumers to pamper themselves with high-end purchases, and in March the family-owned group confirmed its medium term growth targets.

($1 = 0.9126 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.