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.
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.
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.