FilingReader Intelligence
Prada expands flagship New York store with new lease
March 19, 2025 at 05:10 PM UTC•By FilingReader AI
Prada SpA (HKEX:1913) has announced that its wholly-owned subsidiary, PRADA USA, has entered into a lease agreement with 720 Fifth USA to expand its New York flagship store. The lease, effective March 18, 2025, covers ground floor and second floor retail space at 720 Fifth Avenue. The three-year lease, with a two-year renewal option, will see Prada pay USD 20 million per year, increasing 3% annually.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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HKEX:1913•Hong Kong Exchange
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