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Prada CEO Andrea Guerra's comments came after reports that Armani is preparing to sell a 15% stake in the company.
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GlobalData research shows consumers are increasingly using reviews, AI and comparison tools to make more informed purchasing decisions.
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The NRF Foundation has named seven executives to its 2027 list of retail leaders shaping the industry's future.
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The company said in its interim first-half results that it remained on track to meet market forecasts for adjusted profit before tax (PBT) for the full year.
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The reported move follows disruption to global shipping routes after the escalation of the Iran conflict this year, adding to existing pressure linked to Houthi threats in the southern Red Sea.
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The company has also begun expanding in Scandinavia, where Sweden and Denmark have been designated priority markets.
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