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Prada (OTC:PRDSY) Stock, Option Chain

PRADA SPA ADR

Prada is a family owned holding comprising Prada brand, a younger and more fashion-oriented Miu Miu, and two classic shoe brands: Church's and Car Shoe. The company generates EUR 4.7 billion in sales, with over 80% from the Prada brand. Leather goods make up 46% of retail sales, ready-to-wear 32%, footwear 18%, and licensing (mainly eyewear and fragrances) 3%. Geographically, Asia is the biggest region with 35% of retail sales, followed by Europe at 31%, 18% in the Americas, and 12% in Japan.

A Nine West luxury store in Taipei

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The luxury goods industry is preparing for a substantial decline in sales, attributed to China&#39;s subdued demand and challenging comparisons with the sales spike following the COVID-19 pandemic last year.

Prada, Gucci, Louis Vuitton Brace For Sales Slump As China&#39;s Economic Turbulence Hits Luxury Market

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This development comes at a time when the city is grappling with a declining market. 

Hang Seng Index Set For Global Expansion With Prada, XPeng, And BeiGene On The Horizon

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Kering, the parent company of Gucci and Balenciaga, makes a significant real estate move by acquiring a Manhattan tower on Fifth Avenue for $963 million, expanding its portfolio of highly desirable locations across the globe.

Gucci Glamour On Fifth Avenue: Parent Firm Kering Seals Deal With $963M Manhattan Tower

Prada SpA

The luxury goods industry is preparing for a substantial decline in sales, attributed to China&#8217;s subdued demand and challenging comparisons with the sales spike following the COVID-19 pandemic last year.
What Happened: Investors are bracing for a sharp fall in sales as luxury brands reveal their Q1 results. The anticipated decline is linked to weak demand from China, and Reuters reported that compared with last year, when COVID-19 restrictions were lifted in mainland China, a sales surge was resulting.
LVMH Moet Hennessy Louis (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>), the world&#8217;s largest luxury conglomerate, will be the first to announce results on Apr. 16, followed by competitors Kering (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PPRUF#OTC">PPRUF</a>), Prada (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PRDSY#OTC">PRDSY</a>), and Hermes International (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HESAF#OTC">HESAF</a>) a week later. Burberry Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BURBY#OTC">BURBY</a>) and Compagnie Financière Richemont SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CFRUY#OTC">CFRUY</a>) will report in May.
See Also: <a href="EXCLUSIVE: 'China's Stock Market Has Bottomed, Indicating A Potentially Rare Opportunity,' Says Investment Strategist">EXCLUSIVE: &#8216;China&#8217;s Stock Market Has Bottomed, Indicating A Potentially Rare Opportunity,&#8217; Says Investment</a>
A surprise warning from Kering last month that Q1 sales would be down by 10% rather than the expected 3% has already cast a pall over the reporting season. The group attributed the sales slump in Asia to its star label, Gucci. This underperformance has sparked worries that other luxury fashion labels might struggle in China.
&#8220;We&#8217;ve got a lasting crisis and we don&#8217;t know where things are heading,&#8221; said Olivier Abtan, a consultant with AlixPartners. He characterized the slump as unparalleled, stating that &#8220;all growth engines have been off for a number of quarters.&#8221;
HSBC analysts have also observed that Chinese tourists in Hong Kong, Macau, and Singapore appear to be spending less. This uncertainty impacts the valuation of companies like Kering, which is trailing its competitors.
Why It Matters: The luxury sector&#8217;s outlook is clouded by geopolitical tensions and economic uncertainties in China. The U.S. Treasury Secretary, Janet Yellen, recently warned <a href="https://www.benzinga.com/news/24/04/38138081/janet-yellen-threatens-beijing-with-us-sanctions-standing-in-mainland-china-if-they-assist-russia-in">Chinese banks and exporters</a> against aiding Russia's military capacity, citing potential sanctions. This development could further dampen China&#8217;s economic prospects and impact the luxury sector.
Furthermore, <a href="https://www.benzinga.com/news/24/04/38135736/biden-set-to-warn-beijing-as-china-philippines-feud-over-world-war-2-era-ship-in-south-china-sea-und">tensions are escalating</a> in the South China Sea, with President Joe Biden expected to express serious concerns over China's increasing activities in the region. These geopolitical issues, coupled with the ongoing economic challenges, are likely to impact further consumer sentiment and spending in China, a key market for luxury brands.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38131596/yellen-warns-china-hands-off-russias-war-efforts-in-ukraine-or-face-significant-consequences?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Yellen Warns China: Hands Off Russia&#8217;s War Efforts In Ukraine Or Face &#8216;Significant Consequences&#8217;</a>
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Prada, Gucci, Louis Vuitton Brace For Sales Slump As China's Economic Turbulence Hits Luxury Market

Amid efforts to expand the Hang Seng Index, Hong Kong&#8217;s stock benchmark, Prada (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PRDSY#OTC">PRDSY</a>), XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and BeiGene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGNE#NASDAQ">BGNE</a>) are anticipated to be included. The potential addition of foreign companies may signal a significant shift in the global market and boost the city&#8217;s stock market representation.
What Happened: The Hang Seng Index is expected to include more foreign companies and electric vehicle (EV) firms in its upcoming quarterly review, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-02-15/prada-xpeng-and-beigene-may-join-hong-kong-s-stock-benchmark">reported</a>. The review results are due to be announced on Friday by Hang Seng Indexes Co.
Analysts have suggested that Chinese EV manufacturer XPeng Inc. and foreign companies listed in Hong Kong, including Prada SpA, could be among the potential candidates for inclusion in the stock benchmark.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37114746/bitcoin-ethereum-dogecoin-surge-despite-hotter-than-expected-us-inflation-analyst-predicts?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Surge Despite Hotter-Than-Expected US Inflation: Analyst Predicts Widespread</a>
Rebecca Sin, from Bloomberg Intelligence, believes that adding foreign stocks to the index could encourage more global companies to consider listing in Hong Kong. This development comes at a time when the city is grappling with a declining market. The Hang Seng index has witnessed a more than 6% drop this year, following its fourth consecutive annual loss in 2023. The healthcare sector, which remains significantly underrepresented with a market cap coverage of less than 50%, may also see additions such as BeiGene Ltd. and Innovent Biologics Inc.
Why It Matters: The potential inclusion of foreign companies in the HSI comes at a time when Hong Kong&#8217;s stock market is facing challenges due to various factors, including <a href="https://www.benzinga.com/markets/asia/24/02/37118497/us-inflation-fears-roil-asia-pacific-markets-nikkei-kospi-asx-200-slide-hang-seng-bucks-trends">U.S. inflation fears roiling Asia-Pacific markets</a>. This move could potentially boost the market&#8217;s global appeal, especially amid the backdrop of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37118013/emerging-markets-guru-says-time-to-go-shopping-for-hidden-gems-at-a-steal-as-he-see">underperforming Chinese and Hong Kong markets</a>, which some experts see as offering potential investment opportunities.
The move also reflects the growing significance of the Hong Kong stock market as a listing destination, a trend that has been underscored by the <a href="https://www.benzinga.com/markets/equities/24/02/37049954/nvidias-1-7-trillion-market-cap-surpasses-entire-chinese-stock-market-investment-strategist">historic market valuation of NVIDIA Corporation</a> which equaled the entire Chinese stock market in early February. This development could potentially further elevate Hong Kong&#8217;s status as a global financial hub.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37129298/shiba-inu-2-5-away-from-erasing-a-zero-prepare-your-heart-and-wallets-says-lead-developer?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu 2.5% Away From Erasing A Zero: &#8216;Prepare Your Heart (And Wallets),&#8217; Says Lead Developer</a>
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Kering SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PPRUF#OTC">PPRUF</a>), the parent company of the luxury brand Gucci and Balenciaga, has <a href="https://www.kering.com/en/news/acquisition-of-prestigious-fifth-avenue-property-in-new-york-city/" target="_blank" rel="noreferrer noopener">purchased</a> a tower on <a href="https://www.benzinga.com/real-estate/23/11/35939542/global-confidence-in-u-s-real-estate-international-investors-bet-big-on-u-s-real-estate-resilience" target="_blank" rel="noreferrer noopener">Manhattan&#8217;s Fifth Avenue for $963 million.</a>
The property, totaling approximately 115,000 sq. ft, or 10,700 sq. m., is located at 715-717 Fifth Avenue, on the Southeast corner of 56th Street.
This investment represents an additional capacity in Kering&#8217;s selective real estate plan to secure key highly desirable locations for its Houses.
In addition to recently acquired prime properties on Avenue Montaigne and Rue de Castiglione in Paris, the Group&#8217;s portfolio includes landmark assets in Tokyo&#8217;s Omotesando and the Hôtel de Nocé housing Boucheron&#8217;s Paris flagship.&nbsp;
In line with its longstanding financial strategy, Kering said it intends to execute a disciplined and flexible approach with regard to the management of its real estate portfolio.
The purchase represents one of the newest enormous New York City real estate deals by an international luxury firm, per a news&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-01-22/gucci-owner-buys-nyc-building-on-fifth-avenue-for-963-million?sref=TBDibEcD" rel="noreferrer noopener">report</a>&nbsp;by Bloomberg.
Kering and other entities opt to acquire buildings in New York rather than leasing space, following a trend highlighted by&nbsp;Prada S.p.A.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/PRDSY#OTC">PRDSY</a>) recent $835 million expansion on Fifth Avenue, as&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2023-12-22/prada-plots-major-nyc-expansion-with-pair-of-building-purchases?sref=TBDibEcD" rel="noreferrer noopener">reported</a>&nbsp;by Bloomberg last month.
Photo via Wikimedia Commons

<ul>
<li>French luxury fashion brand&nbsp;Chanel&rsquo;s&nbsp;owners raked in&nbsp;a $5 billion windfall in 2021,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-06-10/chanel-owners-get-5-billion-in-dividends-as-sales-of-luxury-goods-boom?srnd=premium#xj4y7vzkg" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Bloomberg reported</a>.</li>
<li>Citing the U.K. filings, the report noted Wertheimer family, which owns the brand, got two $2.5 billion dividends in 2021 through their Cayman Islands-based holding company.</li>
<li>The surge in the global demand for Chanel&rsquo;s products shot the owner&rsquo;s fortunes to new highs.</li>
<li>Specifically, the report cited Bloomberg Billionaires Index that the Wertheimers&rsquo; net worth skyrocketed 37% in 2022 to $90 billion.</li>
<li>The company looks to invest $1 billion in 2022 and plans to hire more than 3,500 workers, the report added.</li>
<li>Photo Via Company</li>
</ul>

CHDRY

Chanel Owners Pocket $5B Windfall On Post-Pandemic Boom: Bloomberg

Picture credit: Gaucho Group Holdings Inc.
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
From fine wines and exclusive accommodations to high-end leather goods and Argentinian steakhouses, Gaucho Group Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vino#NASDAQ">VINO</a>) wants you to enjoy Argentina&rsquo;s luxury lifestyle.
Whether it be a villa in Mendoza wine country or a stay at its exclusive hotel in the country&rsquo;s capital of Buenos Aires, the Miami-based company is on a mission to reveal much that Argentina has to offer in the realm of high-end living. The company has integrated e-commerce businesses to make its products more readily available to North American and global consumers.&nbsp;
Its leather goods and accessories brand&rsquo;s (<a href="https://gauchobuenosaires.com/">Gaucho - Buenos Aires</a>), latest focus is on its new luxury handbag dubbed <a href="https://gauchobuenosaires.com/pages/the-lucky-bag">The Lucky Bag</a>, which continues the development of its luxury clothing and accessory lines that also include leather jackets and high-end sportswear for men and women.
<h2>A Bag for all Seasons?</h2>
Describing the bag as a &ldquo;statement piece,&rdquo; The Lucky Bag can be worn at any time of the year.
&ldquo;More than a product, <a href="https://gauchobuenosaires.com/pages/the-lucky-bag">The Lucky Bag</a> is an evergreen silhouette; a piece that can be carried from season to season by its owner and serve as a part of Gaucho&rsquo;s core collection of handbags moving forward,&rdquo; according to the company.
The bag is described as a traditional saddle bag with a contemporary upgrade. It is designed in a classic saddle shape that curves around a horseshoe logo flap and has what Gaucho calls an &ldquo;equestrian-style&rdquo; grab handle with a detachable shoulder strap, the ensemble giving off a &rsquo;70s vibe with a bold architectural twist.
Two versions of The Lucky Bag are also available in black, cognac, or sky blue. The genuine leather bag retails at $595 while the embossed version is priced at $695 with free shipping provided for orders over $100.
In addition to its online marketplace, the company expects to celebrate the grand opening of its flagship Gaucho - Buenos Aires store in Miami&rsquo;s design district in Q2 2022, alongside luxury brands owned by Compagnie Financiere Richemont SA (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cfruy#OTC">CFRUY</a>) (SWX: CFR), such as Cartier and Piaget, as well as stores operated by Prada SpA (OTC: <a class="ticker" href="https://www.benzinga.com/stock/prdsy#OTC">PRDSY</a>).
In addition to its Buenos Aires hotel and luxury villas, Gaucho makes and sells wine under its Algodon label at <a href="https://algodonfinewines.com/">AlgodonFineWines.com</a>. The company is also developing a retail and hotel complex in Las Vegas to highlight its Argentinian heritage, which may feature&nbsp; an authentic Argentinean steakhouse, wine bodega, Gaucho products retail stores, and luxury Gaucho branded hotel.
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

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