Prada Group to expand in Africa, next opening in Angola
Prada Group has recently announced the opening of its third Prada store in Africa, in Luanda, the capital of Angola, later this year. The other two Prada stores have been operating since last year in Casablanca, within Morocco Mall (separate men’s and women’s stores). The Prada store in Luanda will be directly operated, like the ones in Morocco.
Angola and Nigeria are considered by many analysists as the African luxury markets with the highest growth potential in the mid and long term. Ermenegildo Zegna and Hugo Boss inaugurated earlier this year mono-brand stores in Lagos, Nigeria – both stores in franchising, with a local partner.