BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
Uniqlo has reached saturation in Japan and is now focusing almost all of its investment overseas, where it plans to open more than 400 stores in the next few years, with the aim to drive ¥3 trillion in international sales by the end of 2020. To reach this target it may also need to make a major overseas acquisition. JapanConsuming reports.
MILAN, Italy — Prada SpA, an Italian maker of $2,950 leather handbags, said Miuccia Prada Bianchi will step down as the fashion company’s chairman and join her husband Patrizio Bertelli as co-chief executive officer.
To the dissonant soundtrack of Jessica Lange reciting the words to the song “Happy Days Are Here Again,” models came out in clothing that clearly referenced the futuristic styles of the 1960s. But as is the case with Jacobs, he took that grain of an idea and made it into something uniquely his own, writes Jessica Michault.
As Prism prepares to open its first store in London’s Marylebone, BoF speaks to founder Anna Laub about the company’s expansion from a small range of optical frames to a multi-category resortwear label targeting increasingly mobile luxury consumers who holiday year-round.
PARIS, France — Hermes International SCA, the French maker of Birkin bags, said 2013 profitability beat its forecast after fourth-quarter sales increased 4.6 percent.
Though fashion schools produce thousands of design graduates each year, many of whom fail to launch their own labels or find jobs as designers at fashion houses, the fashion business and adjacent industries need graduates with fashion design degrees like never before, argues Professor Frances Corner, head of London College of Fashion.
HONG KONG, China — Italian fashion house Prada SpA said on Wednesday that sales grew just 9 percent in the year ended January 31, hurt by economic weakness in Europe and a stronger euro.