HONG KONG, China — Italian fashion house Prada SpA said on Wednesday that sales grew just 9 percent in the year ended January 31, hurt by economic weakness in Europe and a stronger euro.
Lack of clarity over the luxury sector’s performance in 2013 and prospects for 2014 caused a dip in the first half of January, reports Pierre Mallevays of Savigny Partners.
With hundreds of glossy spring/summer advertising campaigns set to populate major fashion magazines, Internet forums and social media platforms from Facebook to Tumblr to Pinterest, The Business of Fashion picks the Top 10 Campaigns of the Season. Which campaigns did you like most?
Sonny Vandevelde brings us behind-the-scenes shots from Milan menswear week.
MILAN, Italy — Prada is being investigated by Italian prosecutors for possible tax evasion after the luxury- goods company disclosed undeclared taxable income, a person with knowledge of the probe said.
MILAN, Italy — Prada SpA said it isn’t aware of being investigated by Italian authorities after a newspaper reported Milan prosecutors opened a probe into tax evasion.
Uncertain expectations over Christmas trading amidst mixed retail signals led many institutional investors to take their profit before closing their books at year-end. Meanwhile, the travel retail channel continues to surge and M&A activity remains buoyant, reports Pierre Mallevays of Savigny Partners.
MILAN, Italy — Prada SpA, an Italian maker of $2,950 leather handbags, reported third-quarter profit that trailed analysts’ estimates as sales slowed in Europe and Asia and unfavorable currency swings weighed on growth.
Today, to coincide with the start of Art Basel Miami Beach, Hettie Judah considers the increasingly intertwined markets for fashion and art. Tomorrow, we examine the anatomy of fashion’s most spectacular artist collaboration to date: Yayoi Kusama for Louis Vuitton.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The Savigny Luxury Index lost ground in October, as consumer appetite for mega-brands continues to cool and management changes shake up the industry.
MILAN, Italy — Prada SpA said it signed a licensing deal for Coty Inc. to create and distribute perfumes under the Miu Miu brand, expanding its second-largest unit in the $60 billion luxury beauty industry.
This season, brands embraced strong scripts, serious acting talent and heavy-hitting directors like never before, resulting in a crop of winning fashion films largely driven by the kind of compelling storytelling long missing from the genre. Sit back, relax and enjoy BoF’s Top 10 Fashion Films of the Season.