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Miu Miu launches capsule collection with MyTheresa

Munich-based online luxury retailer MyTheresa and Prada sub-brand + Italian fashion house Miu Miu have launched a limited edition capsule collection for Spring/Summer 2017 season. Dubbed as Miu Miu x Mytheresa.Com, the collection will debut on Wednesday, April 26th. A two-minute short film titled “Shark” has been released which presents two women, who are, at turns, dreamy and fearful, acting out a personal mini-drama in a public swimming pool while flaunting the exclusive collection. The […]

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Prada’s net income declines 16%

Leading Italian fashion group Prada’s Net income dropped 16 per cent to Euros 278.3 million in the year through January. Its wholesale channel however increased by 15 per cent to Euros 504.4 million, a significant increase on last year. Licensed business also grew by 3 per cent as both eyewear and fragrances saw positive trends, generating royalties worth Euros 45 million. The implementation of their rationalization programme to streamline operational and management processes considerably mitigated the […]

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Prada set to unveil own cruise collection

Italian luxury house Prada is all set to stage its own cruise show joining the brand bandwagon comprising of bigshots like Chanel, Dior, Louis Vuitton, Gucci, and most recently Valentino.  The prominent luxury house usually showcases its pre-collection for women during its men’s shows in January and June, but has now decided to give its cruise collection its own separate catwalk. Also Read – Top 10 Details & Silhouettes for F/W 2017-18 In keeping with […]

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Fall/Winter 2017-18: Key Menswear Trends from London and Milan

Menswear shows at London and Milan have just taken a bow, giving us a preview of what the approaching Fall/Winter season looks like. Silhouettes borrowed from the opposite sex, trends from last season charting new territories, classics hinting at innovation in sync with the times – the runways had it all. From bigwigs like Prada, Coach, J.W.Anderson, to the much talked-about designers like Moschino, Marni and Craig Green, the industry had a mutual inclination towards […]

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Prada predicts return to growth in 2017

Leading Italian fashion group Prada has predicted a return to growth path next year with improved sales trends in China. “The group expects both sales and profit growth to return in 2017. We also hope to improve our underlying earnings in the second half against the first,” states Carlo Mazzi, Chairman – Prada. In the first half of Fiscal Year 2016, Prada suffered particularly in Greater China and Italy where retail revenue dropped 24 per […]

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Levi, H&M high on global index of transparency of standards

When it comes to transparency in reporting their social and environmental standards, companies like H&M has literally led a campaign in their attempts to display their good faith. So did Levi Strauss & Co, and Inditex (Zara). But that is not the case with luxury fashion brands like Chanel, Hermes and Prada, according to a new index ranking the world’s biggest fashion labels. Called the Fashion Transparency Index, this project was a survey of 40 […]

April 21, 2016

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Italy’s fashion industry to make hay in Iran’s changed political scenario

The lifting of UN sanctions on Iran came as a boon to the fashion industry in Italy, which has now become the first European country to take advantage of the changing political scenario for the benefit of its multinational luxury fashion industry. With an aim to establishing a strong presence in the Iranian markets, increase trade between the two nations and reinforce industrial cooperation, Italy signed an agreement with the former earlier this week. This […]

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Prada’s Asia-Pacific sales dip by 16%

Leading Italian fashion group Prada’s Asia-Pacific sales slumped to EUR 1.08b (at current exchange rates) for the year ended January 31, 2016, accounting for a decline by 4.4 per cent from the previous year. In this regard, CEO Patrizio Bertelli said, “Throughout 2015, the luxury goods market had to deal with an economic environment, characterized by volatile financial markets and by heightening geopolitical tension in different regions across the world. These conditions are still present, […]

April 12, 2016

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Levi, H&M high on global index of transparency of standards

When it comes to transparency in reporting their social and environmental standards, companies like H&M has literally led a campaign in their attempts to display their good faith. So did Levi Strauss & Co, and Inditex (Zara). But that is not the case with luxury fashion brands like Chanel, Hermes and Prada, according to a new index ranking the world’s biggest fashion labels. Called the Fashion Transparency Index, this project was a survey of 40 […]

April 10, 2016

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Prada Finance Chief quits

Italian fashion house Prada SpA said that its Chief Financial Officer Donatello Galli has resigned from his post. The company informed that Galli is exiting due to some personal reasons in order to pursue new career opportunities. He will be replaced as CFO by Investor-Relations Director Alessandra Cozzani, whose appointment takes effect immediately and “is a natural extension of the role she has already been playing in the management of the company,” it mentioned. Prada […]

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Prada notes fall in revenue

Italian luxury fashion house Prada has noted plunge in its preliminary revenues, due to low sales in Greater China region which is facing sluggishness in economic growth and a clampdown on extravagance. Also Read – Prada targets cost reduction in 2015 The retailer reported that its consolidated net revenue dived 0.2 per cent for a year earlier to 3.54 billion euros (US $ 3.94 billion) in the 12 months to January 31, 2016. Further to […]

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Prada reports 8.9% dip in sales

Prada, the Italian luxury fashion house, has reported slowed earnings for Q3FY15. To put the scale of slowdown in perspective, Prada has seen its net profits fall beyond the trade estimates in key markets like Hong Kong and Macau in the three months through October. The trend is actually an extension of Prada’s slow performance for the first months of the year. On the whole, Prada brand sales fell 8.9 per cent currency-neutral. Although Prada […]

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