Prada Group To Invest €60 million EUR in Italian Production Plants

The Prada Group will spend €60 million EUR ($66 million USD) on industrial capital investments, with the goal of expanding its production capacity in 2023. Specifically, the Italian company will double its knitwear production plant in Torgiano, according to Reuters.While the luxury group will place an emphasis on expanding its Umbria-based factory, it will also look to smaller acquisitions of manufacturers. The company reportedly has its targets, which likely do not include leather production ...