Prada Group vs Tapestry

Prada Group posts double-digit H1 2026 revenue growth

Prada Group reported a 16% year-on-year increase in net revenues for the first half of 2026, reaching €3.05 billion, with organic growth of 5% (Q2 organic +7%). Retail remained the largest channel at €2.63 billion. The core Prada brand recorded roughly 3% retail growth while Miu Miu also grew though less than the prior year. Adjusted EBIT was €530 million, representing a 17.4% margin; the margin decline reflected currency effects and the inclusion of Versace. The group ended the half with net debt of €693 million, invested €247 million, and paid dividends. Management described the outlook as cautiously optimistic amid geopolitical and economic uncertainty, emphasizing product innovation and operational discipline.

• Prada Group net revenues in H1 2026 were €3.05 billion, +16% year-on-year.
• Organic revenue growth was 5% for H1 2026; Q2 organic growth was 7%.
• Retail channel sales amounted to €2.63 billion.

Luxury retailers lean on outlets for growth

Luxury retailers including Tapestry-owned Coach and Ralph Lauren are investing in and elevating outlet stores to attract aspirational, value-conscious shoppers as demand for luxury softens. Consulting firm Bain reports the luxury market lost about 70 million customers since 2022, and a luxury-focused fund (USLUX) is down about 7% year to date per FactSet. Analysts from Citi, Bernstein and Wells Fargo say upgrading outlet assortments and mixing made-for-factory items with select full-price goods can broaden customer bases and support sales and share-price upside for companies such as Ralph Lauren, Tapestry and Capri Holdings (Michael Kors). Analysts cite rising full-price focus, improved outlet product quality, and easier customer acquisition via elevated outlet experiences.

• Companies such as Tapestry-owned Coach and Ralph Lauren have elevated their discount stores into higher-end destinations for aspirational shoppers.
• Bain reported the luxury market shed roughly 70 million customers since 2022, falling to about 330 million by the end of 2025.
• The U.S. Global Investors Funds Global Luxury Goods Fund (USLUX), which includes companies like LVMH, Ferrari, Hermes and Christian Dior, is down about 7% year to date, per FactSet.

The Power of Pride

Co-leads from Tapestry’s Prouder Together Employee Business Resource Group...

Tapestry appoints Matt Madrigal to Board of Directors

Matt Madrigal was elected to our Board of directors in April 2026. Mr. Madrigal joined Pinterest as Chief Technology Officer in 2024 and is currently Chief Product and Technology Officer. He leads the company’s product and platform direction, overseeing product and engineering teams.