Prada defied difficult market conditions in the luxury sector thanks to Miu Miu. Despite the uncertain global economic situation, the Italian fashion group Prada continued to grow in the first quarter. The company announced on Wednesday that the group generated sales of 1.34 billion euros in the period from January to March. This was 13 percent...
30 Apr 2025
Prada is once again placing a strategic bet on bricks-and-mortar retail, with the Italian luxury group reportedly close to acquiring the prestigious London property housing its Miu Miu boutique on New Bond Street. According to reports in WWD, Prada Holding is nearing a deal with asset manager M&G Investments to purchase the building for...
6 Mar 2025
The latest Lyst Index for Q4 continues to solidify its role as a barometer of brand desirability. With Miu Miu, Saint Laurent and Prada rounding out the top three, the data-driven ranking, which aggregates online shopping behavior, social media engagement, and search volume, has become a credible measure of a brand’s heat. Yet, in a surprising...
31 Jan 2025
The Lyst Index, the ranking of the world's most popular fashion brands and items, has delivered its verdict for the final quarter of 2024. Once again, Miu Miu takes the top spot on the podium. The Prada brand has made 2024 its year, ranking first three out of four times in the last few quarters. Its cultural DNA (including participation in Art...
30 Jan 2025
Miu Miu will have to do without Design Director Dario Vitale in the future. Vitale will leave the Italian fashion brand at the end of January, parent company Prada confirmed on Wednesday. The outgoing designer director informed his team of his resignation last Friday. Francesca Nicoletti, who has worked closely with Vitale at Miu Miu for years,...
11 Dec 2024
It’s that time of the year, again. Brands and retailers across the globe have begun unveiling their always highly anticipated festive campaigns. This season, trends seem to revolve around flipping the script on the stress usually associated with the season; incorporating well-known (animated) figures into the storyline; and proposing new...
22 Nov 2024
Italian luxury conglomerate Prada Group reported a 15 percent rise in Q3 revenues to 3.8 billion euros, driven by a stellar 97 percent jump in Miu Miu sales. The brand's momentum continued to power the group's performance, offsetting a more modest 4 percent increase at the flagship Prada label. Retail channels led the growth, up 18 percent in...
30 Oct 2024
The once-celebrated British leather goods house Mulberry is set to slash nearly a quarter of its corporate workforce, eliminating 85 positions from its 350-strong staff base, according to Business of Fashion. The dramatic restructuring follows a failed takeover attempt by Frasers Group and signals a bid to return to profitability through...
25 Oct 2024
Miu Miu is ramping up its cultural cachet, partnering with Art Basel Paris for a major activation titled Tales & Tellers. The project, held at the Palais d'Iéna from October 16 to 20, 2024, was conceived by artist Goshka Macuga and curated by MACBA director Elvira Dyangani Ose. It featured Miu Miu’s Women’s Tales short-film series alongside...
22 Oct 2024
The Prada Group’s first half net revenues of 2,549 million euros, were up 17 percent. First half retail sales of 2,263 million euros, increased 18 percent, driven by like-for-like and full price volumes. Retail sales also increased by 18 percent in the second quarter. EBIT margin for the period was 22.6 percent or 575 million euros. Prada Group...
30 Jul 2024
The Italian fashion group Prada SpA can look back on another successful financial year thanks to the unbroken popularity of its Prada and Miu Miu brands. On Thursday, the company announced that it was also able to achieve significant growth in sales and earnings during 2023. Accordingly, the Prada Group's consolidated turnover last year totalled...
7 Mar 2024
Prada S.p.A and L’Oréal Group have signed a worldwide long-term license deal for the creation, development, and distribution of luxury beauty products for the Miu Miu brand. The move will see Miu Miu beauty joining the L’Oréal Luxe division that already includes the Prada license. The first Miu Miu fragrances under L’Oréal are expected to be...
9 Feb 2024