Soaring Prada profits, Mulberry tumbles, PPR sells Redcats unit, Gratuitous ads, Little Gio

Prada Autumn/Winter 2012 | Source: Prada

Prada 9-Months Net Profit Jumps 50% Amid Continued Strong Demand (Dow Jones)
“Chief Executive Patrizio Bertelli said Thursday that the company’s business has continued to grow at a rate that has exceeded its expectations in recent months, as the luxury goods purveyor reported a strong rise in nine-month earnings figures amid resilient demand for ultra high-end goods.”

Mulberry sees improvements after first-half profit fall (Reuters)
“British luxury fashion group Mulberry said the second half of the year looked encouraging with retail sales on the rise after first half profits tumbled 36 percent due to changes to its wholesale business.

PPR’s Redcats to sell U.S. plus-size business (Reuters)
“French retail group PPR said on Wednesday its Redcats mail order unit had agreed to sell its U.S. plus-size fashion business, OneStopPlus Group, to private equity firms Charlesbank Capital Partners and Webster Capital for an enterprise value of $525 million.”

American Apparel ads deemed irresponsible by watchdog (Telegraph)
“Casualwear retailer American Apparel has once again fallen foul of the advertising watchdog with campaigns featuring “gratuitous” images and the sexualisation of models who appeared to be under 16 years old.”

The Giraffe in the Room (NY Times)
“As a fashion director for the Russian edition of Harper’s Bazaar, Ms. Alaverdian is part of a pack of young women from that country who have made a big impression on the industry in recent years. So now, naturally, comes her own collection.”