MILAN, Italy — “We dedicate a lot of time to understand markets, and at the basis there is Miuccia’s work in creating product, which has an identity,” said chief executive officer, Patrizio Bertelli, on the principle causes of Prada Group's continuing success at the company's annual general meeting, in Milan, yesterday. The CEO went on to dismiss calls to show collections from group's Miu Miu label in Milan, as well as the
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,
For Holt’s, luxury regains its proper place (Globe and Mail) “The full-price model is part of Mr. Derbyshire’s five-year business plan to strengthen Holt’s results following a period of stagnation caused by the economic slump… His efforts seem to be paying off: Privately held Holt’s enjoyed a record profit in 2010 – double that of its next best year, 2006.” Tommy Hilfiger Changes his Stripes (WSJ)
LONDON, United Kingdom — Today, The Business of Fashion brings you an exclusive preview of The New Creative Establishment, a list of the 50 most influential and inspirational creatives working in fashion today, developed by our friends at INDUSTRIE magazine for their second issue which comes out later this month and was inspired by a much-watched list with a similar name published by Vanity Fair called ‘The New
What The Rich Are Buying Now (Forbes) “While most consumers aren’t returning to their pre-recession shopping patterns, there has been a rebound in luxury spending lately. Ultra affluent shoppers … have started to come out of hiding” Miuccia and Me (WSJ) “Bertelli, is the mastermind behind a label most people associate with his wife, Miuccia Prada, the avant-garde designer who has created global