Prada SpA, the Italian maker of $3,990 handbags and $795 pumps, reported a 21 percent drop in first-half profit as sales grew at the slowest pace in three years on weakening demand in Asia and Europe.
In the last two years, emerging fashion brands like Christopher Kane, Altuzarra, JW Anderson, Nicholas Kirkwood and Roksanda have attracted a flurry of investment. Who’s next? BoF identifies the young fashion labels we would bet on, based on their commercial and creative potential.
Italian handbag maker Furla plans to more than double sales in the next five years, stepping up investment in new shops as it taps consumers’ growing appetite for accessible luxury goods.
It’s been one year since the once-hot Diesel hit the ‘reboot’ button. BoF spoke exclusively with the company’s new chief executive Alessandro Bogliolo, along with Diesel founder Renzo Rosso, artistic director Nicola Formichetti and creative director of Diesel Black Gold, Andreas Melbostad, for an inside look at how the company is re-energising the brand.
Salvatore Ferragamo SpA Chairman Ferruccio Ferragamo ruled out selling a stake in the luxury shoemaker founded by his father amid speculation that the company could attract interest from LVMH Moet Hennessy Louis Vuitton SA.
The Savigny Luxury Index regained some of the ground it had lost over June and July, increasing by 2.2 percent in August on the back of positive results announcements. The MSCI World Index also gained 2.2 percent as the debate over US interest rate rise rumbles on.
Italian designer label Tod’s is edging away from its comfortable driving shoes, ballerina flats and platform sandals in an attempt to diversify its business and revive flagging sales.
This season, the Milan men’s shows embraced a new kind of twisted normality, reflective of an uncertain moment in menswear, says Angelo Flaccavento.