Luxury labels ditch steep China discounts to rebuild brand value

By Bloomberg Published May 9, 2025 Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less affected by economic slowdown. See catwalkGucci – Fall-Winter2025 – 2026 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight None of the products […]

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Prada aims higher as Miu Miu sales jump and Versace deal expands portfolio

By Bloomberg Published April 30, 2025 Prada SpA reported better-than-expected sales at the start of the year, outperforming a sluggish luxury sector with robust growth at its Miu Miu brand. Prada sees further growth as sales buck wider luxury slowdown. – Bloomberg The Hong Kong-listed group said Wednesday that first-quarter net revenue rose 13% at […]

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Donatella Versace turns 70 years: A legacy of resilience and reinvention

By DPA Published April 28, 2025 Two gunshots abruptly ended Gianni Versace’s life. On July 15, 1997, after returning from his morning walk to Casa Casuarina, his Miami Beach villa on Ocean Drive, the celebrated Italian designer was ambushed by a gunman. Two bullets struck him in the back of the head. Gianni collapsed on […]

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Versace La Vacanza campaign is first since Vitale named to design helm

​Versace has released its latest campaign and it’s significant in that it’s the first one since Dario Vitale was named to the top created post at the label back in March. DR Everything about Versace is being closely watched at the moment because, apart from its change of creative chief with Donatella Versace stepping down, […]

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Billionaire Prada clan succession plan bolstered by Versace deal

By Bloomberg Published April 13, 2025 For decades, the fiercely independent Prada SpA Chairman Patrizio Bertelli talked about the need for Italian fashion houses to acquire size and scale to take on sprawling industry behemoths like LVMH and Kering SA and also avoid being gobbled up by them.  See catwalkVersace – Fall-Winter2025 – 2026 – […]

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Italy’s jeans mogul Renzo Rosso is still hungry for deals — even after Versace setback

By Bloomberg Published April 13, 2025 Renzo Rosso, the Italian fashion mogul who made his name as the founder of Diesel jeans, is on the lookout for new deals — even after a setback in his bid to buy the Versace brand. See catwalkDiesel – Fall-Winter2025 – 2026 – Womenswear – Italie – Milan – […]

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Capri aims to revive Michael Kors with lower prices, Amazon e-commerce sales

By Reuters Published April 10, 2025 Capri Holdings may have to let go of its image as a luxury fashion house and bank on mid-tier pricing as well as a partnership with Amazon.com for its Michael Kors brand following its $1.4 billion sale of Versace to Prada. See catwalkMichael Kors – Fall-Winter2025 – 2026 – […]

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Miuccia Prada’s path from activist to top designer

By AFP Published April 10, 2025 As a student in the volatile May of 1968, Miuccia Prada took to the streets of Milan to demonstrate for women’s rights wearing an Yves Saint Laurent suit. See catwalkMiu Miu – Spring-Summer2025 – Womenswear – France – Paris – ©Launchmetrics/spotlight Today, the 76-year-old reigns over a luxury goods […]

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Prada agrees to buy Versace in €1.25 billion deal

Prada S.p.A. on Thursday announced that it has entered into a definitive agreement to acquire 100% of Versace from Capri Holdings, completing a negotiation that had lasted just a few months. Prada Prada Group Chairman and Executive Director Patrizio Bertelli  The cash consideration, based on an Enterprise Value of €1.25 billion, is subject to adjustments […]

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Former Reliance Brands CEO and managing director Darshan Mehta passes away

Darshan Mehta, former managing director and CEO of Reliance Brands Limited, passed away on April 9 to an outpouring from the retail industry. The executive had joined Reliance Brands at its inception in 2007 and led the company for over 17 years. Darshan Mehta was a well known name in Indian retail – Raghavendra Rao- […]

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