At the end of the fiscal year (January 31, 2017), net sales of the Prada Group amounted to EUR 3.1 billion, down by 10% compared to 3.5 billion in 2015. Net income, meanwhile, fell by 16% year on year, rising from 331 million to 278 million (-16%). All positive numbers that are reflected in the […]
Sifting through the names of 371 of the 313 brand designers who participated in the four major fashion weeks in September, only 40.2% of the designer is a woman it has emerged. Miuccia Prada and Donatella Versace are an exception. Maria Grazia Chiuri, who recently moved at Dior guide with a strong feminine imprint (for […]
Best ranking for Burberry, then Coach and Kors premium USA brands. Last position for Cèline, along with Saint Laurent, Hermès and Prada on low rankings. That’s the picture of the outcomes achieved by luxury fashion brands in the Chinese market, with regard to digital strategies. Quite a big endeavour, including online contents and assistance provided […]
“In 2016 we carried out a major phase of rationalisation of our operational and management processes – which still in progress – identifying the important lines of action for the future development of the group” said Patrizio Bertelli, CEO of Prada at the presentation of his group’s financial statements. Bertelli explained and justified the loss […]
After a long season of contraction in the expenditure in the final quarter of 2016 and forecasts of continuity for the first 6-9 months of 2017, the Chinese luxury market will grow. Exane BNP Paribas supports this prediction, saying the change in direction will be directed by young Chinese customers who have developed their own […]
Tough times for luxury brands, outdone by fast fashion and mass market brands. According to the latest Brand Finance “Global 500”, which pinpoints the most prestigious companies in the world ,fashion exclusive brands are being outdone by mass-market competitors. Nike have been performing best, as they place 28th in the world ranking (+13%). Looking at […]
Versace USA have signed Brian Henke, formerly hired by Prada and Jimmy Choo. He will be the new CEO, as he will be replacing Michele Soldi, who quit the job (on top since 2009) to turn himself to consultant. Henke was employed at Prada for 11 years – getting the retail vice-chairmanship of Prada USA- […]
French luxury group announced that it has bought (without communicating the amount of investment) a pythons breeding in Thailand. The structure will ensure compliance with the highest international standards of environmental and social sustainability, notified the holding company that owns Gucci, Bottega Veneta and Yves Saint Laurent. It will begin producing adults pythons from 2018 […]
Last September, the last day of the shows had left more than one designer in a bad mood. Giorgio Armani, who was believed to have the last slot of the Milan Fashion Week, had obtained a change of date. His absence, however, contributed to having some industry professionals leaving early. Today the gap is restored, […]
In expressing his opposition to the ‘see now buy now’ concept, the economic model involving the sale of new collections at the same time they are presented on the catwalk, Massimiliano Giornetti (pictured) makes no bones about it. Speaking to the audience of Polimoda students, the former fashion designer Salvatore Ferragamo thunders: “The fashion industry […]
Gucci is growing, Prada limping, Hermès climbing, in a ranking in which Italy is represented little and technology stocks dominate. This is the verdict of the Best Global Brands ranking by Interbrand, the rating of the influence of brand positioning on company business, from its ability to attract the best talent to meeting customer expectations […]
Not just customised luxury. Timberland has exported footwear customisation to Europe: if you go on the site, there are 11 models for which you can choose the colour of the upper, stitching, laces and the main components of the shoe, as well as getting monograms sewn onto the tongue, the heel or the hangtag. The […]
Milan Fashion Week draws to a close with the great labels relaunching their style, expressing renewed creativity and confirming their excellence. And while we are talking about excellence, we cannot fail to mention leather as a reference material. Whether we look at the ultra-colourful drawings and prints from Moschino (on jackets, shoes and clutch bags) […]
Milan Fashion Week started today: the programme includes over 70 fashion shows, 90 presentations and 31 events, running through to Monday 26 September and showcasing all the latest Women’s collections for Spring / Summer 2017. The catwalks began this morning with Italian brand Grinko and newcomer Wunderkind. Making their appearance today, amongst others, Gucci, Fay […]
Prada streamlines retail. After the announcement of the closure of the Milan boutique in Corso Venezia 3, the label is also rejigging the outlet channel, and is preparing to close the store in FoxTown in Mendrisio, on the border between Italy and Switzerland, which has been in business for nearly twenty years, later this year. […]
Adieu to the boutique in Corso Venezia 3, Milan. Prada is reviewing its retail network and for 2016, it will offset the 20 new stores opened with plans to close another 25. The stores being sacrificed include the one opened in Milan 10 years ago, spanning 500 square metres. And the maison of Miuccia and […]
Luxury overtaking. Gucci surpassed Prada and won the second place on the podium of the top range of Scrooges Mc Duck. In the last two editions of the classification of turnover and profitability of luxury groups drafted by Pambianco, hierarchies were inverted. In 2013 and in 2014 the brand of Miuccia Prada was the closest […]
Google, which bypasses Apple in command, and Microsoft are the top three brands in the general classification drawn up every year by Brandz on the value of trademarks and published by WPP and Millward Brown. Nike, with $ 37 billion, comes before Zara and H & M in the Apparel category. In the luxury sector […]
More than twice the number of US ones (which are 14); Italy has 29 in the top 100. There are 29 Italian brands included in the list of the top 100 of the world’s luxury brands compiled by Deloitte. The best placed is Luxottica, which is in tenth place; follows Prada, 15th,; while Giorgio Armani […]
