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.
Milan-based Prada Group and Dorchester Industries, the design and manufacturing studio of Chicago-based artist Theaster Gates, are teaming up to create a three-year program to provide artists and designers of color with financial support and creative opportunities.
The hub in Chicago’s South Side, dubbed the Dorchester Industries Experimental Design Lab, will aim to amplify the work of designers working in fashion, furniture, and industrial and graphic design, as well as foster collaborations between the artists and large companies.
”For too long, our creative communities have possessed the talent but lacked exposure and opportunity,” said Gates, an interdisciplinary artist known for his socially engaged sculptures, performances and installations and whom Prada tapped as co-chair of its diversity and inclusion council in 2019.
The new partnership “is a critical step in the right direction to ensure that leading design companies have a pipeline of talented creatives who bring with them their diverse experiences and backgrounds”, said Lorenzo Bertelli, Prada’s group marketing director and head of corporate social responsibility.
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The first cohort of participants will be announced in October, Prada’s statement said.
Learn more:
Prada Mounts Diversity Council as Brands Face Blackface Backlash
African-American artists Theaster Gates and Ava DuVernay will chair a group created to ‘elevate voices of colour’ and advise on diversity issues.
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.
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.