The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Italian fashion brand released its much-anticipated Prada Skin and Prada Color ranges on Aug. 1. The products — priced from $50 for lipstick and $360 for face cream — were developed by French conglomerate L’Oréal, which acquired Prada’s fragrance licence, formerly held by Puig, in 2019. The skincare line includes serum, moisturiser and cleanser; while makeup features bold brown, gold, orange and purple eyeshadows, foundation and matte lipsticks. Both deploy Prada’s signature triangle logo in packaging.
The launch campaign asked shoppers to rethink their relationship with beauty: on Instagram, rollout videos asked questions like “Is brown the new red?” and “Can minimal be maximal?” Prada Beauty worked with makeup artist Lynsey Alexander for physical products and Inès Marzat on virtual product activations.
The venture is not Prada’s first stab at beauty: the label launched its previous range in 2000, and shuttered it shortly after. Products are available on prada-beauty.com, with a phased retail expansion to follow.
Learn more:
What is the Next Great Luxury Beauty Brand?
After a series of multi-billion dollar M&A deals, global beauty giants are taking an alternative route: reviving sleeper labels at the top end of the market.
While the economic woes have certainly weighed on sales, analysts say the main issue facing the multinationals is their slowness to adjust to the shifting priorities of consumers, who have become more discerning about what they buy and are increasingly finding that local brands are more suited to their needs.
Scenting ultra-exclusive events is beauty’s next big branding opportunity.
Multiple social platforms announced their next generation of creators this week, but TikTok creates overnight beauty stars like no other.
With no advertising, PR or e-commerce, the store in London’s Soho is fast-becoming a cult classic. The brand is weighing how to expand without losing its magic.