Prada will provide formal attire for the players and delegation of the China Women’s National Football Team for official occasions and travel purposes.

According to the terms of the transaction, both Prada and Zegna will individually hold a 15% stake in Fedeli.

In the first quarter, China reemerged as the growth engine, driving a robust rebound in sales in the Asia-Pacific region.

The Asia-Pacific region saw a 1.7% YoY decline due to COVID-19 control measures in China, but rebounded with growth in the second half of the year.