Prada Group set to hire 400 industrial workers to support growth trajectory

The Prada Group, owner of Prada and Miu Miu, has announced a plan to recruit over 400 workers by the end of 2023, to strengthen its production capacity and craftsmanship expertise.

The investment plan is designed to reinforce the Group’s strong industrial strategy, one of its distinct competitive advantages. It will also guarantee greater agility and a reduction of time-to-market, as well as support the growth trajectory highlighted by Prada Group’s latest results.

The company saw full year 2022 revenues rise by 21% year-on-year to £3.7 billion (€4.2 billion), largely driven by "strong brand momentum". For the financial year ending 31 December 2022, retail sales were up by 24% year on year to £3.3 billion (€3.7 billion).

200 of the 400 recruits will be trained at the Prada Group Academy by the Group’s maestros, across leather goods, footwear and ready-to-wear. Founded in the early 2000s, the professional school trains new talent and preserves craftsmanship.

The new positions will be opened across Prada Group’s manufacturing facilities in Italy including:

• Approximately 100 new hires at Prada Group’s leather goods facility in Scandicci (Florence, Tuscany)
• 50 new hires following the construction of an expanded factory in Piancastagnaio (Siena, Tuscany)
• 85 new hires by November 2023 at Prada Group’s knitwear facility in Torgiano (Perugia, Umbria)
• Over 200 more jobs to be created at more than 10 additional leather goods, footwear and ready-to-wear sites

Massimo Vian, Industrial Director of Prada S.p.A., commented: "Prada Group continues to invest in its supply chain, consistent with what was announced during our Capital Markets Day at the end of 2021. We have an ongoing commitment to strengthen the industrial backbone of the Group, while being respectful of our long-time suppliers.

"The Prada Group Academy will become increasingly crucial for the future preservation of our know-how and the one of the sector. We feel a responsibility to invest in young talent who will become the next generation of expert craftspeople."