Miuccia Prada Relinquishes Prada Chair to Join Husband as co-CEO

Prada Spring/Summer 2014 Campaign | Source: Prada

MILAN, Italy — Prada SpA, an Italian maker of $2,950 leather handbags, said Miuccia Prada Bianchi will step down as the fashion company’s chairman and join her husband Patrizio Bertelli as co-chief executive officer.

…Continue Reading

Top 10 Campaigns of the Season

Prada Spring/Summer 2014 Campaign | Source: Prada

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?

…Continue Reading

Market Pulse | Cashing In

Savigny Luxury Index December 2013 | Source: Savigny Partners

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.

…Continue Reading

Prada Earnings Trail Estimates as Sales Slow in Asia, Europe

Wool and fur at Prada A/W 2013 | Photo: Sonny Vandevelde

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.

…Continue Reading