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Prada bucks slowdown, Let there be light, Logo fatigue, Aeffe adds Ungaro, Made in India

Prada Made in India collection | Source: High Snobette
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  • BoF Team

Will Prada Finally Succumb to Global Luxury Slowdown? (CNBC)
"Italian fashion house Prada has been a bright spot in a slowing global luxury retail space, and its latest earnings report underscores the resilience. The company delivered another set of solid earnings on Tuesday — first-half net profit surged 60 percent to 286 million euros ($372 milion), thanks to demand from Asian spenders."

Let There Be Light (IHT)
"Wispy organza, reflective satin, transparent white fabrics and clothes with a shine sum up the closing days of the Milan summer 2013 season. While on the red carpet at the Emmys, stars played catchup with fashion, wearing the vivid colors that have become fashionable this year, forward-looking designers are tripping the light fantastic."

Louis Vuitton Risks Logo Fatigue as Chinese Tastes Mature (Bloomberg)
"Luxury-goods makers early into China have long counted on consumers there to snap up $1,000 handbags and other pricey -- and profitable -- wares. Now, Chinese tastes are changing in ways that may hurt the brands that expanded most aggressively in the country."

Italy's Aeffe adds Emanuel Ungaro to brand portfolio (Reuters)
"Emanuel Ungaro has signed a licence deal with Italian fashion group Aeffe, becoming the latest fashion brand to throw in the towel on developing its ready-to-wear business directly after having failed to reach a critical size in terms of sales."

India gets upfront in designers' minds (FT)
"Dries Van Noten, the Belgian designer for whom embroidery is a part of his signature, has been working with the same family-owned business in Calcutta for the past 25 years. 'A lot of people assume that if you are going to do embroidery in India, it's ipso facto ethnic,' says Patrick Scallon, a spokesman for the designer. 'But it's a very respectful creative process. He has his designs, they have their views, and they both inform each other.'"

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