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 revolutionary designer died of liver cancer in a hospital in Tokyo on August 5, Issey Miyake Group said in a statement. He was 84 years old. Per Miyake’s wishes, there will be no funeral or memorial service.
Miyake’s work embraced traditional handcrafts as well as new technologies. He was the founder of the Miyake Design Studio and the Issey Miyake Group.
Read BoF Editor-at-Large Tim Blanks’ reflections on Issey Mikaye’s contributions to fashion and design.
The group’s flagship Prada brand grew more slowly but remained resilient in the face of a sector-wide slowdown, with retail sales up 7 percent.
The guidance was issued as the French group released first-quarter sales that confirmed forecasts for a slowdown. Weak demand in China and poor performance at flagship Gucci are weighing on the group.
Consumers face less, not more, choice if handbag brands can't scale up to compete with LVMH, argues Andrea Felsted.
As the French luxury group attempts to get back on track, investors, former insiders and industry observers say the group needs a far more drastic overhaul than it has planned, reports Bloomberg.