The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group, which owns the Prada and Miu Miu fashion brands along with Church’s footwear,
Prada's CEO indicated on Tuesday the Italian fashion group was at least looking at potential mergers and acquisitions following reports linking it with possible deals for fellow luxury brands Versace and Jimmy Choo.
An acquisition of Versace by Italian luxury group Prada would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could take years and hit short-term profits.
As Miu Miu surpasses the 1 billion-euro mark, the focus remains on that brand and Prada, but group CEO Andrea Guerra said when dossiers "come around you look at them."
The Devil Wear Prada 2 was officially confirmed last summer. Anne Hathaway and Meryl Streep will reportedly be reuniting once again for the new entry. However, the project has been confirmed,
While neighboring luxury fashion houses face declining sales amid an industry-wide downturn, Miu Miu reports a record year with 93% retail growth, and Prada's sales chart 4% higher.
A report said Prada and Capri Holdings had agreed a 1.5 billion euro price tag for Versace, sending stock in both companies higher.
Lure Fishbar has been a staple in New York’s Soho neighborhood for 20 years, and local Burns is campaigning to save it from being turned into a Prada eatery. The legendary filmmaker’s TV producer daughter, Lilly, introduced him to the restaurant and “it became mine,” he recently told Timm Chiusano on his “Longwinded by Nature” podcast.
Prada is reportedly nearing a $1.6 billion deal to acquire Versace from Capri Holdings Ltd. aiming to compete with luxury giants LVMH and Kering.
In one disturbing unseen clip, Ruby — who was sentenced to prison last year for child abuse — grabbed her daughter and covered her mouth after she interrupted her while filming a vlog. In another, she yelled at her kids that they were “not entitled to talk” while she was recording.
Celebrities have been thin on the ground in Milan, in part thanks to fashion week’s conjunction with the Oscars, but a group came out for Prada, including Gal Gadot, Maya Hawke, Simone Ashley and Hunter Schafer.
Prada opened its runway show during Milan Fashion Week with its take on the little black dress, because, in the words of Miuccia Prada "we are in a very black moment.''