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GERMANY: Jil Sander Sees Prada Capital Injection just-style.com | 15 Apr 03

German fashion house Jil Sander AG needs a capital injection from its Italian parent Prada SpA after posting a loss of 26.3 million euros last year, Handelsblatt said on Tuesday.


ITALY: Prada FY Profit Falls To 27 Million Euros just-style.com | 1 Apr 03

Italian luxury goods giant Prada Holding NV on Tuesday posted a sharp fall in full year net profit to 27 million euros from 49.6 million euros in 2001 despite a strong rise in fourth quarter sales.


USA: Steve Peña Joins Tehama As Men's Design VP just-style.com | 13 Mar 03

Sportswear company Tehama has named Steve Peña as vice president of Design for the men’s division. In his new position, Peña will oversee the design and development of all men’s collections, including the corporate line and accessories. Peña joins Tehama designer Anne Ingham, vice president of design for the women’s division.


ITALY: Prada Q4 Sales Jump 11% To 416m Euros just-style.com | 14 Feb 03

Luxury goods giant Prada Holding NV on Thursday posted a 10.9 per cent climb in fourth quarter sales to 416 million euros from 375 million euros in 2001 but said full-year sales fell 3.1 per cent to 1.56 billion euros.


USA: Police Raid Nets Fake Handbags Worth $250,000 just-style.com | 24 Jan 03

Police seized hundreds of fake designer handbags worth more than $250,000 as well as scores of counterfeit labels during a swoop on a Dallas leather goods store. Officers questioned several people after uncovering thousands of counterfeit bags and pursues bearing famous brands such as Louis Vuitton, Gucci, Kate Spade, Coach, Burberry, Christian Dior, Isabella Fiore and Prada.


FRANCE: Prada To Reconsider Stock Market Listing In 2005 just-style.com | 6 Dec 02

Italian fashion group Prada says it has not lost its determination to list on the stock market, despite the tough market conditions that listed luxury firms are trying to ride out at the moment.


ITALY: Prada Chief Sees Strong US/Japan Sales just-style.com | 18 Oct 02

The head of Italian fashion house Prada on Friday said he sees US sales growth of at least 10 per cent this year.


ITALY: Prada Names Fabio Zambernardi Design Director just-style.com | 25 Sep 02

Leading Italian fashion house Prada Holding NV has chosen Fabio Zambernardi as its new design director for its Prada and Miu Miu brands. Prada said Zambernardi, who joined the company in 1997 and was promoted to design fashion coordinator two years later, will oversee all production of Prada and Miu Miu's clothing, footwear and accessories.


ITALY: Prada Swings To EUR8.2m Q2 Profit just-style.com | 9 Sep 02

Luxury goods giant Prada Holding NV has posted a second quarter operating profit of 8.2 million euros compared to a loss of 1.5 million euros in 2001 amid higher sales and tighter cost controls.


GERMANY: Jil Sander H1 Loss Grows To EUR13.6m just-style.com | 2 Sep 02

Jil Sander AG, part of Italian fashion group Prada, on Friday said turnover for the first six months of 2002 fell 1.7 per cent to 68 million euros. It posted a loss of 13.6 million euros compared to a loss of 10.7 million euros for the same period last year.


UK: Harvey Nichols Opens Edinburgh Store just-style.com | 15 Aug 02

Upscale retailer Harvey Nichols on Thursday opened the doors to its new £20 million five-storey outlet in Scotland - its third full-scale UK store. The new store is in Edinburgh's St Andrew Square with two floors devoted to women's fashion, with a wide variety of designer brands such as Prada, Chloe and Yves Saint Laurent Rive Gauche.


GERMANY: Shoppers Bag Second Hand Clothing - Survey just-style.com | 7 Aug 02

More than one in 10 Germans prefers buying used and second-hand clothing than brand new apparel, a new survey has revealed. According to the study by magazine Der Spiegel, 12 per cent of consumers would rather buy used fashions as second-hand labels such as Prada, Jil Sander and Escada can be bought for around half their new price.


ITALY: Prada Considers 300m Euro Securitisation - Report just-style.com | 2 Aug 02

Italian fashion giant Prada was on Friday reported to be looking at ways to raise fresh funds through a 200-300 million euro securitisation backed by its huge real estate assets.

Quoting market sources, media reports claimed the operation may take place before the end of this year but that it was "complicated" due to the fact its real estate is spread all over the world.


FRANCE: LVMH Boosts Fendi Stake just-style.com | 10 Jul 02

Luxury goods giant LVMH Moet Hennessy Louis Vuitton SA has acquired a further 15 per cent stake in Italian fashion house Fendi as it looks to achieve its aim of turning Fendi into the leading luxury brand in Italy within five years.

The French retailer did not disclose how much it had paid members of the Fendi family to increase its stake to around 66 per cent but did reveal it would be funded over three years and would have no impact on its net debt.


UK: GUS Presses Ahead With Burberry Float just-style.com | 1 Jul 02

Retail giant GUS on Monday confirmed it plans to proceed with its float of leading fashion brand Burberry despite other companies postponing their IPO because of the unstable stock market. Conditional dealing on the London Stock Exchange is due to start next week, with the share price range of 230p to 290p valuing the company at between £1.15 billion and £1.45 billion.


ITALY: Prada Delays IPO For A Third Time just-style.com | 27 Jun 02

Italian luxury goods group Prada Holding NV on Wednesday shocked the city and fashion industry by postponing its initial public offering for a third time citing weakening market conditions. The Milan-based company was due to embark on its IPO roadshow next week but said a slide in market conditions in the wake of the WorldCom scandal in the US meant it would delay the offering until markets improved.


ITALY: Benetton Chief Joins Prada Board just-style.com | 26 Jun 02

Luxury goods maker Prada today announced the appointment of the boss of Italian fashion giant Benetton Group, Luciano Benetton, to its board. In a statement, Prada said Mr Benetton will be joined on the board by another new arrival, Manuel Puig, chairman of the Prestige Beauty division of the Puig group.


ITALY: Prada Makes Two New Board Appointments just-style.com | 17 Jun 02

Prada Holding NV, the fashion group that plans to sell shares in an initial public offering by the end of the summer, has appointed Franco Tato, the former chief executive officer of Italy 's largest energy producer, Enel SpA to its board.


ITALY: Prada Profit Plunges, IPO This Summer just-style.com | 17 May 02

Italian fashion house Prada Holding NV on Thursday confirmed it will make an IPO before the end of the summer and also posted a sharp fall in full-year net profit. The luxury goods giant, whose brands includes Church's and Jil Sander, is expected to be valued at 4-5 billion euros ($3.6-4.5bn) in the float.


ITALY: Prada Float To Raise £800 Million just-style.com | 13 May 02

Italian fashion giant Prada is set to announce plans for a £2.5 billion flotation on the Milan Stock Exchange in a move that will raise £800 million, it was reported yesterday. The London-based Sunday Times newspaper quoted Prada chief executive, Patrizio Bertelli, as saying he was optimistic of a July or August float and would reveal more details at a press conference on Thursday.


ITALY: Prada Poised To reveal IPO Details just-style.com | 7 May 02

Leading luxury goods firm Prada Holding NV is thought to be on the verge of announcing details of its initial public offer. A financial source today told Reuters the statement would probably confirm reports that Prada is working to list about 30 per cent of its capital on Milan's stock market by July.


ITALY: Fake Designer Clothing Seized In Raids just-style.com | 12 Apr 02

Up to $1.7 million worth of fake designer clothing has been seized by police and six people arrested during a series of raids in northern Italy. Officers said they had found 54,000 items of clothing, ranging from jeans and shirts to coats, jackets, T-shirts and scarfs, in several warehouses near Milan.


ITALY: Prada Sells Byblos Label just-style.com | 9 Apr 02

Italian fashion house Prada announced yesterday it has sold its Byblos label to Swinger International for an undisclosed sum in a move that will help reduce its massive debts. Prada said the agreement will see Verona-based Swinger take control of the label it inherited from the Genny Group which it acquired last summer.


ITALY: Prada Chief Says Group Could Float Shortly just-style.com | 25 Feb 02

Italian fashion group Prada could resurrect its planned £1 billion float on the Milan stock exchange as early as September, chief executive Patrizio Bertelli told The Sunday Times yesterday. The public offering was cancelled last year because of fears for the luxury-goods market following the September 11 airline attacks on the US, with the company instead securing a loan to cope with the huge debts incurred acquiring Church's shoes, Jil Sander and Helmut Lang.


USA: Shoppers Splash Out On Luxury Goods - Survey just-style.com | 6 Feb 02

US shoppers are still snapping up luxury goods despite the economic downturn with sales at the designer end of the market for 2001 up despite a slight dip in the fourth quarter, a new survey revealed on Wednesday. The Mintel study shows the impact of the September 11 airline attacks didn't stop people spending money on themselves as lower interest rates led to people "spending money like it's going out of fashion".


ITALY: Fendi Appoints Giancarlo Di Risio As CEO just-style.com | 9 Jan 02

Giancarlo Di Risio has been appointed chief executive of Fendi, the fashion house controlled by LVMH Moet Hennessy Louis Vuitton SA. Di Risio joins Fendi following LVMH's purchase of Prada Holdings' 25.5 per cent stake in the Roman fashion house in November. Giancarlo Di Risio stepped down from a 15-year stretch as CEO of fashion group IT Holding SpA in August. IT Holding controls brands including Malo and Gianfranco Ferre, and in his time at the company Di Risio saw its transformation from a licensed producer of jeans for the Versace, Dolce & Gabana, and Roberto Cavalli labels to a multi-brand group.


Lineapelle strides into autumn/winter 2002 just-style.com | 3 Dec 01

Shoes and accessories for autumn/winter 2002 will be distressed, fur-trimmed, brocaded, embossed and hand-worked, with an emphasis on real leather, according to trends on show at Lineapelle in Italy last week. Penny Leese reports.


ITALY: Prada Dismisses Rumours Of Jil Sander Sell-Off just-style.com | 29 Nov 01

Cash-strapped Milan-based luxury goods group Prada has dismissed rumours it is considering another fire sale by selling off the Jil Sander fashion house to improve its troubled financial situation.. Only last week, Prada sold its 25.5 per cent stake in Fendi to French partner LVMH in a bid to lighten its debt burden, but a spokesman for the company said on Wednesday: "From what I understand, the rumours are absolutely not true."


GERMANY: Fashion Group Jil Sander Cuts Outlook just-style.com | 15 Nov 01

German-based fashion giant, Jil Sander Group, today lowered its outlook for 2001 and predicted a pre-tax loss of between six and nine million euros, due to the economic downturn. Back in August, the high-end clothing maker said it would either break even on a pre-tax basis or post a slight pre-tax loss in 2001 due to a fall in demand for its products.


UK: Tory Leader's Brother In Luxury Goods Role just-style.com | 17 Sep 01

David Duncan Smith, brother of new Tory party leader Iain Duncan Smith, is attempting to build a British luxury goods house rivalling the best in Europe. Ofex-listed Cardington, which recently bought British couture houses Hardy Amies and Norman Hartnell, has appointed Mr Duncan Smith, former head of Prada UK, as chief executive of a new subsidiary, Luxury Brands Group.

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