prada1 news and archive

Prada in debt

Last week reports emerged that the Italian luxury clothing label Prada is suffering financially. In 2003 the company lost almost GBP 1 billion in its UK market, and also suffered plummeting sales in 2004. Turnover in 2004 dropped from GBP 24.4 million to GBP 23.5 million. Luxury goods analysts attribute the label's troubles partially to the...

Fashion

Prada boss criticizes analysts

Patrizio Bertelli has spoken out on his disregard for analysts' valuation methods and the incestuous relationship between finance and the fashion industry. The president and chief executive of fashion house Prada aired his criticism at a luxury goods conference organized by The Wall Street Journal, Italian publisher Class Editori and Merrill...

Fashion

Prada for H&M?

Could it be that the next designer to collaborate with retailer H&M will be Miuccia Prada? After Stella McCartney's smash hit limited collection for the high street chain, the fashion industry has been speculating wildly about who H&M will invite to guest design next. Prada confirmed that she had been approached by H&M in an interview with...

Fashion

Prada restructuring

The board members of Prada Holding NV, the Dutch holding company of the Italian luxury goods retailer, the Prada Group, met yesterday to approve the Group's new organisational structure. Carlo Mazzi will join the board to oversee finance, administration and control, legal matters, human resources and IT. Furthermore, Donatello Galli will join as...

Fashion

Prada foresees growth

Prada is pr ojecting its pr ofits will grow by an average of 23.5 percent a year over the next five years. Sales for the luxury Italian retailer will increase by an average of 3.2 percent annually, reaching 1.51 billion euros by 2010, according to a document Prada issued to bankers over the summer as was reported by WWD. The growth will come...

Fashion

Prada lures Ciampi from YSL

Prada has appointed Simonetta Ciampi director of bags and accessories. The company sent a mass email in which it announced that it had lured Ciampi back from Yves Saint Laurent. This is the most recent sign of a growing struggle between Prada and the Gucci Group, who have been fighting to keep and/or lure creative talent from eachother. Ciampi...

Fashion

Prada sculpture in Texas

Prada will soon open a store in Texas, albeit not a boutique for shoppers to purchase its minimalist ware. Rather, the new Prada store is an art instillation entiteld Prada Marfa by Berlin artists Michael Elmgreen and Ingar Dragset will be installed. (Actually it will go up in Valentine, Texas, 40 kilometers, outside Marfa, a town of 2,400 that...

Fashion

Prada Jeans

Miuccia Prada has never hid the fact that she wasn't into denim. While ever major designer has incorporated jeans looks into contemporary fashion at some stage, Miss Prada has waited to launch until this season. Prada's new denim range, available for both men and women, consist of jeans, jackets, shjirts and skirts - all fabrics are exclusive...

Fashion

Miuccia Prada: Most influential designer

Black is back, and is the official colour for winter. And when Miuccia Prada pushes a colour as strongly as she recently did in her almost entirely black, women's Autumn/Winter 2005-2006 collection, then the fashion world is sure to notice and follow in her fashionable footsteps. There is good reason to believe that the Milanese-born lady is the...

Fashion

New face of Prada

Miuccia Prada has signed Sasha Pivovarova for the autumn/winter Prada campaign. The 20-year-old model appeared on the scene last February when she was exclusively booked by Prada to walk both the Prada and Miu Miu shows. Since then she has won the coveted Prada campaign, which will be shot by Steven Meisel. Her rep at IMG said told vogue.co.uk:...

Fashion

Principles and Warehouse set up for flotation

Principles and Warehouse, the fashion chains snapped up by Baugur-backed Shoe Studio Group earlier this year, are set for a flotation in Iceland in September. Chief executive Don McCarthy plans to list SSG on the Icelandic stock exchange at the end of the summer after achieving group sales of £450m. The move follows that of Mosaic, the...

Fashion

Prada, made in China?

Made in Italy, via China, might soon be an appropriate label for Prada clothes and accessories. The Italian fashion house is considering abandoning its policy of sourcing all its clothing in Italy. Patrizio Bertelli, Prada's chief executive, told a conference in Shanghai yesterday that he could move some production to lower-cost countries in the...