Prada SpA reported a 44 percent drop in third-quarter profit as weaker spending by wealthy Chinese consumers weighed on the luxury-goods maker’s revenue growth.
Gucci holds the luxury spending downturn mainly responsible for its poor performance but the Italian fashion brand may also have itself to blame, suggesting it could be time to change strategy and hire fresh talent.
In four years, Paula Cademartori has built a modest but respectable accessories business set to generate $2.8 million in 2014 on compact, colourful handbags.
Luxottica Group SpA said founder Leonardo Del Vecchio will become interim chief executive officer after the Italian maker of Ray-Ban glasses lost its second leader in little more than a month.
Luxottica Group SpA, the world’s largest eyewear maker, slumped in Milan trading after losing its second chief executive officer in little more than a month.
In a season where real creativity was forced to fight for space amidst a glut of sameness, BoF brings you our Top 10 Shows of the Season.
Tod’s may spin off its luxury sneaker division, Hogan, according to a company spokeswoman.
At Toiletpaper, artist Maurizio Cattelan and photographer Pierpaolo Ferrari are creating provocative, hyperreal imagery that has ‘infected’ fashion with its naughtiness, irony, humour and shock value.
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.