BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
While many other luxury brands reported slowing growth, Prada posted a remarkable net profit increase of 46 percent in the 2012 financial year. BoF examines the secret to the company’s success.
It’s time for the global fashion industry to stop turning a blind eye to the lack of racial diversity on the runways, says op-ed contributor Demi Sinclair.
PARIS, France — Last season's boxy and printed looks were gone for Miu Miu's fall-winter 2013-14 show. In their place was a more inventive collection that featured outerwear as dresses, exaggeratedly sized buttons and giant handbags. Flashes of color in '50s polka dot neckties, stripy tights and Belle Epoque boots in gold and silver, gave the collection for Miuccia Prada's baby sister offshoot a great lift. Wide collars that swept
MILAN, Italy – Fashion designers at Milan fashion week delivered a dark palette and masculine styles for autumn-winter wardrobes in a reflection of Italy's bleak economic and political landscape.
Mulberry looks to have its future sewn up (FT) “Bruno Guillon says that what he likes best about British design is its ‘relaxed confidence’. In the coming months, the Mulberry chief executive will need plenty of that himself as the UK-based maker of upmarket handbags grapples with the effects on the fashion industry of global economic weakness.” J.C. Penney ‘Backtracking’ With Discounts, Deutsche Says
Where Are the Women? (Style.com) “On the eve of the Costume Institute’s exhibition celebrating two pioneering female talents—Elsa Schiaparelli and Miuccia Prada—Nicole Phelps asks why there aren’t more successful young women designers in New York.” LVMH Skips European Austerity Raising Prices for Chinese (Bloomberg) “Chinese tourists traveling to Europe to take advantage of savings as much as 50
Best Foot Forward: The man behind Toms (Independent) “Toms, the brand behind these ethical espadrilles – with its singular tagline ‘one for one’ – has revolutionised fashionable feet, as well as the face of charitable giving in one easy step. Founder Blake Mycoskie’s idea is a simple one: for every pair of shoes sold, another is given to children in the developing world.” Michael Kors’ To Make Billions
Burberry launches 2012 collection on Twitter (Guardian) For the first time, the label “live tweeted” the show on Monday from backstage, posting photographs of each look on Twitter moments before the model stepped on to the catwalk… When you consider that it was not long ago that high street stores smuggled spies into catwalk shows in order to glean clues as to what might be in stores in six months’ time,