Prada’s profit falls, Cartier cuts hours, Gap teams with ASOS, Missoni’s London store, Ballantyne’s new Chairman

Prada S/S 09 Ad campaign, courtesy of Prada

Prada lays foundations for future growth (Financial Times) “Prada, the privately owned Italian fashion house, reported on Tuesday a 22 per cent fall in net profit for 2008 of €99m and sought to position itself for growth when the global economic crisis eases.” Cartier cuts working hours as demand dwindles (Reuters) “Richemont, the world’s second-largest luxury goods group behind LVMH, is cutting working

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