MILAN, Italy — Prada SpA, the Italian maker of $2,950 leather handbags, reported first-quarter profit that missed analysts’ estimates, weighed down by the strength of the euro and falling sales in Europe and Asia.
Under Matteo Marzotto, Italy’s leading jewellery fair has teamed up with Not Just a Label, a global sales platform and community for emerging designers, to cross-pollinate young fashion companies and Italian artisans.
MILAN, Italy — Sales of luxury goods are expected to grow more slowly in 2014 compared with last year as weakness in China, Russia and Europe counters rising global tourist shopping and strong demand in Japan and the United States, a study said on Monday.
Domenico Dolce and Stefano Gabbana have been found guilty of tax evasion and sentenced to one year and six months in jail by an Italian appeals court.
MILAN, Italy — A new creative director has been named to succeed Jil Sander six months after she departed for the third time from the fashion house that she founded.
Entrepreneur Toni Scervino and designer Ermanno Daelli have built rising Italian luxury label Ermanno Scervino into a business set to generate over €100 million in revenue this year.
MILAN, Italy — Italian fashion and leather brand Gucci will take direct control of its shops in Moscow and open two new points of sale in the Russian capital, the company said on Monday.
SOLOMEO, Italy — Brunello Cucinelli said he’s optimistic about his namesake cashmere clothier’s prospects amid strong demand for the most exclusive luxury goods.
MILAN, Italy — Prada SpA, the Italian maker of $2,950 leather handbags, said profit stagnated last year as the strength of the euro and softening demand in Europe and Asia weighed on revenue growth.
MILAN, Italy — State general prosecutor Gaetano Santamaria has called for the acquittal of Domenico Dolce and Stefano Gabbana during the first hearing of the pair’s appeal against their conviction for tax evasion last year. Santamaria told the court that they should find in favour of an acquittal “as the case is groundless.”