Prada Group

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Burberry to stop destroying "unsaleable" goods Beth Wright | 6 Sep 18

British luxury brand Burberry has announced it is to stop the practice of destroying unsaleable products, six weeks after it came under fire on social media over its wastefulness.

Adidas leading the way in tackling leather supply forced labour Beth Wright | 29 Jun 17

Publicly available information reveals very little on how - apart from auditing suppliers – brands and retailers address forced labour risks in countries where they produce hides, process leather, and manufacture leather goods. However, German sportswear giant Adidas marks the exception, new research shows.

Marks & Spencer tops human rights benchmark Michelle Russell | 13 Mar 17

UK retailer Marks & Spencer has topped a new benchmark ranking that aims to incentivise companies in a race to the top for the moral and commercial advantages of a strong human rights record.

Prada looks to streamline processes as profit slides Katie Smith | 16 Dec 15

Italian fashion house Prada has said it is reviewing its organisation to streamline processes after reporting a 26.4% profit slide for the first nine months of the year.

Weak Asia-Pacific sales weigh on Prada H1 profit Katie Smith | 16 Sep 15

Italian fashion house Prada has said it will continue to review its business processes, after posting a 23% decline in first-half profit.

Prada Q1 earnings slide on Asia headwinds Michelle Russell | 12 Jun 15

Italian fashion house Prada saw earnings in its first-quarter slide as the company faced headwinds and difficult market conditions in Asia Pacific.

Prada FY hit by slowdown in growth Michelle Russell | 30 Mar 15

Italian fashion house Prada said a slowdown in the rate of growth and an increase in costs linked to retail network expansion hit operating margins in its last fiscal.

Prada taking action as Q3 profit slides Michelle Russell | 5 Dec 14

Italian fashion house Prada has said it is taking further action to improve its operating performance after revealing a drop in third-quarter earnings and sales.

Prada merges with parent Gipafin Sarl Michelle Russell | 27 Oct 14

Italian fashion house Prada is to merge with parent company Gipafin Sarl by the end of the year as part of a corporate streamlining process.

The most-read stories on just-style this week include the news that Prada has acquired a French leather tannery, an analysis on how product lifecycle management (PLM) systems can speed up processes from design to delivery, and plans by China's Jiangsu Lianfa to build US$44m a textile plant in Kenya.

Prada buys France's Tannerie Mégisserie Hervy Michelle Russell | 8 Oct 14

Italian fashion house Prada has acquired Tannerie Mégisserie Hervy, an historical French leather tannery located in Isle, near Limoges.

ITALY: Prada H1 profit falls on Europe weakness Michelle Russell | 19 Sep 14

Italian fashion house Prada has booked a drop in first-half earnings due to weakness in Europe, and said there are no signs of improvement in the short term.

ITALY: Asia and Europe slow Prada H1 sales growth Katie Smith | 7 Aug 14

Italian fashion house Prada has seen sales growth slow during the first half, due to unfavourable exchange rates and weaker demand in Asia and Europe.

US: Spanx appoints former Nike exec Singer as CEO Michelle Russell | 6 Jun 14

US-based intimate apparel brand Spanx has hired former Nike global apparel and footwear executive, Jan Singer, as its chief executive officer.

ITALY: Prada in 24% first-quarter profit decline Katie Smith | 6 Jun 14

Italian fashion house Prada says it does not expect unfavourable foreign exchange trends to weigh on growth plans, after posting a 24% decline in first-quarter profit.

WORLD: Top 10 apparel brands now worth US$100bn Richard Woodard | 27 May 14

The world’s top 10 apparel brands have grown in value by 29% and are now worth close to US$100bn, according to the 2014 Brandz Top 100 Most Valuable Global Brand rankings.

ITALY: Prada share price slips amid slower profit growth Katie Smith | 2 Apr 14

Italian fashion house Prada saw its share price fall slightly today (2 April) after booking a less than 1% increase in annual net profit.

ITALY: Prada appoints Bianchi as co-CEO Michelle Russell | 19 Feb 14

Italian fashion house Prada has confirmed the appointment of chairman Miuccia Prada Bianchi as co-CEO.

ITALY: Prada FY sales growth misses expectations Michelle Russell | 13 Feb 14

Italian fashion house Prada booked full-year sales that missed analyst expectations today (13 February), amid economic weakness in Europe and a stronger Euro.

ITALY: Prada Q3 profit boosted by sales growth Katie Smith | 20 Dec 13

Italian fashion house Prada posted a 9% increase in third-quarter profit, helped by higher demand in the Middle East and the Americas, and ongoing store expansion.

US: Stuart Weitzman appoints Kress global president Michelle Russell | 5 Dec 13

US footwear retailer Stuart Weitzman Holdings has appointed Francois Kress to the role of global president.

ITALY: Retail surge drives Prada H1 profit Richard Woodard | 18 Sep 13

Italian fashion house Prada’s eponymous core brand and leather goods led a double-digit revenue rise in the first half, boosting profit by 7.6% on last year.

UPDATE: UK: Church & Co to lift production capacity by 25-30% Katie Smith | 5 Sep 13

UK upscale footwear maker Church & Co says it expects to increase its production capacity by 25-30% and bring additional operations in house as part of new expansion plans.

UK: Church & Co factory expansion to create 150 jobs Katie Smith | 5 Sep 13

UK footwear maker Church & Co, which is owned by Italian luxury group Prada, has unveiled plans to expand its production capacity and create 150 new jobs.

RFID: What retailers can expect in-store Lee Adendorff | 3 Sep 13

Omni-channel retailing has revolutionised the way people shop, with consumers now able to buy and research products online, on a tablet or on a smart phone. And there appears to be great potential to leverage RFID for even greater benefits, including smart shelves, mirrors, and fitting room interaction.

QATAR: Prada expands footprint with first store Katie Smith | 6 Aug 13

Italian luxury brand Prada has expanded its international footprint by opening its first store in Qatar.

JAPAN: Prada opens first freestanding store Katie Smith | 17 Jul 13

Italian luxury fashion brand Prada has opened its first freestanding store in Japan.

FRANCE: Bellettini to take helm at Yves Saint Laurent Katie Smith | 3 Jul 13

Francesca Bellettini has been named as the new chief executive officer at luxury label Yves Saint Laurent, replacing Paul Deneve who has resigned to take up a new post in another industry.

ITALY: Prada posts Q1 growth driven by Asia and retail expansion Petah Marian | 12 Jun 13

Italian luxury brand Prada saw first quarter profits rise, driven by growth in Asia and in the retail channel.

ITALY: Prada FY profits surge on rising sales Petah Marian | 8 Apr 13

Italian luxury group Prada has seen its full year net income surge 45% on rising sales.