Prada Group news and archive

Prada and Ermenegildo Zegna buy Filati Biagioli Modesto S.p.A.

The Prada Group and Ermenegildo Zegna Group have acquired a majority shareholding in Italian company Filati Biagioli Modesto S.p.A., which specialises in cashmere and other precious yarns. In a statement, the two companies said that they have each acquired a 40 percent shareholding in Filati Biagioli Modesto S.p.A., which is based in Montale...

Fashion Featured

Prada Group to “deepen” its commitment to diversity, equity and inclusion

The Prada Group has announced a series of talent and educational initiatives aimed at intensifying its commitment to diversity, equity and inclusion within the company and the fashion industry as a whole. Prada said that it is committing “substantial” investment to increase representation within the industry, starting with internship and...

Business

LVMH, Prada and Cartier join forces to form blockchain consortium

Fashion conglomerate LVMH is joining forces with the Prada Group and Cartier, part of Richemont, to form the Aura Blockchain Consortium to address the “shared challenges” of communicating authenticity, responsible sourcing and sustainability in a secure digital format. The move marks the first global blockchain consortium dedicated to the luxury...

Fashion

Prada funds Italian Covid-19 research

In an attempt to decrease the spread of Covid-19, Prada Group is financially supporting ‘Proteggimi’, a research project on male susceptibility to the virus. As data suggests that Covid-19 affects men more than women, the San Raffaele Hospital in Milan will investigate whether male sex hormones play a factor in this imbalance. The Italian luxury...

PeopleFeatured

Prada names Raf Simons as co-creative director

The rumours surrounding Raf Simons next move has been confirmed, the Belgian designer has been named as co-creative director of Prada. Simons, will join Prada on April 2, and will work in partnership with Miuccia Prada with “equal responsibilities for creative input and decision-making,” the Italian fashion label confirmed during Milan Fashion...

People

Is Raf Simons heading to the Prada Group?

The fashion industry is as partial to a conspiracy theory as it is a trend. The whispers in the corridors of Milan and Paris fashion weeks are suggesting Belgian designer Raf Simons may be making alliances with the Prada Group, to head up its sister label Miu Miu. According to WWD, Miu Miu has moved its design and communication office to Milan...

Retail

Prada expands digital presence in China

Italian fashion house Prada has opened a flagship store on JD.com, China’s largest e-commerce company, as it looks to expand its digital presence in the country. The new digital flagship store will offer Prada’s upcoming autumn/winter collection and was announced at JD.com’s annual anniversary shopping festival, which celebrates the company’s...

Fashion Featured

Prada group goes fur-free as of Spring/Summer 2020

The anti-fur bandwagon is growing. The Prada Group is the latest luxury fashion company to vow to cease production of fur goods. All brands under the Italian luxury fashion house – including Prada, Miu Miu, Church's, and Car Shoe – will no longer use animal fur in its designs or products as of the Spring/Summer 2020 women’s collections....

Business

Prada results see new era of performance

2017 was not the best financial year for the Prada Group, with its main brand lagging in growth and digital relevance. Its prices were expensive, too, with little entry price points for the consumer who can’t afford its high-end, high price accessories. But a lot can happen in a year. This week Prada approved its H1 group results, which CEO...

Business |REPORT

Prada Group revenues up 4 percent in H1

The consolidated net revenues of the Prada Group for the six months ended July 31, 2015 amounted to 1,823 million euros (1,999 million dollars), with a 4 percent increase compared to the corresponding period in 2014, because of the positive performance of retail channel which more than compensated for a decrease in wholesale channel sales. The...