Corporate bits | The Parisian receives HKRIDA award
The Parisian Macao’s Le Buffet restaurant has won the Best Macau Casual Dining Restaurant award at the Hong Kong Restaurant Interior Design Awards 2017 (HKRIDA), recently held in Hong Kong. The awards are part of the leading Asia-Pacific fine dining and bar exhibition Restaurant & Bar Hong Kong in a presentation ceremony that took place on September 6.
The judging panel was comprised of experienced hospitality designers, senior food and beverage managers and specialist trade media. According to a statement by Sands China, the award was accepted by The Parisian Macao’s Chef de Cuisine Guillaume Gully.
Designed by San Francisco based Puccini Group, Le Buffet is a 450-seat buffet restaurant featuring Art Deco detailing with an upscale French market and food hall vibe. The restaurant is zoned into three sections to provide different dining experiences for guests.
The HKRIDA recognize the exceptional achievements of restaurants, bars and cafes and designers that go above and beyond in their quest to deliver an exciting dining experience for guests.
Prada warns turnaround to take longer than expected
Prada SpA warned that its turnaround plan may take longer than expected as the Italian maker of USD2,200 leather totes and $495 Velcro sandals struggles to keep up with rivals’ online expansion and stem a decline in sales.
First-half revenue dropped 5.7 percent as the strong euro cut into tourist spending in Europe in recent months, Milan-based Prada said Friday. In New York, sales from a store on Fifth Avenue have been disrupted by demonstrators against President Donald Trump, Chief Executive Officer Patrizio Bertelli said on a call with analysts.
The maker of Miu Miu pumps and Church’s dress shoes embarked on a wave of store closures in 2016 and has been trying to push e-commerce to gain more clients after profit fell to a five-year low. Prada was hit harder than most by a downturn in demand across Asia, where it gets about half its revenue. The company shuttered 13 stores in the first half, and opened six.
Prada’s new e-commerce site has gone live in the U.S. and Europe, and the company plans to introduce it in other key markets including China by the end of 2017. Prada is also using social media to try to reach more consumers directly, and Bertelli said those moves should result in some improvement in the second half.
