Prada Group

Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

ITALY: LVMH Interested In Fendi Stake | 13 Sep 01

Paris banking circles are speculating that French luxury goods group LVMH is in terested in buying Prada Holding's stake in Rome fashion house Fendi. Fendi is 51 per cent controlled by Bernard Arnault and Prada chief executive Patrizio Bertelli via the LVP Net joint venture, while the Fendi family holds the remaining 49 per cent.

ISPO offers suppliers a sporting chance | 27 Jul 01

Sports retailing in Europe has been through tough times in the past few years and this was reflected in one of the quietest ISPO shows in recent memory. Manufacturers and suppliers exhibiting at Europe's largest sporting goods fair earlier this week unveiled a large number of new products to try to attract interest from visitors, with new designs and new technology - especially in fabrics - at the forefront. Penny Leese was there.

ITALY: Prada Buys Genny And Byblos Brands | 2 Jul 01

Prada is to buy the Genny Group, including its Byblos brand, the company said last week confirming rumours that have been circulating in the industry since the beginning of the year. Prada would not disclose financial details, although a source close to the deal said Genny was bought for $125m. websites undressed | 26 Jun 01

The fashion industry often goes out of its way to promote an image of exclusivity and glamour. Yet the Internet is anything but exclusive and, due to fundamental technical limitations, anything but glamorous. While most fashion sites today imitate rather than innovate, John Yunker says that some companies are managing to create entirely new experiences online. Here he puts forward strategies for building successful websites

ITALY: Gucci Group Strengthens Bottega Veneta's Management | 19 Jun 01

Gucci Group announced key appointments in the management and design team at Bottega Veneta, the Italian luxury leather goods company internationally renowned for its "Intrecciato" woven leather handbags and accessories. Bottega Veneta appointed Patrizio di Marco as CEO, Tomas Maier as creative director, Francesco Giannaccari as CFO, and Gabriella Di Carlo as commercial director. All appointments take effect immediately.

ITALY: Prada To Postpone IPO Until Autumn | 29 May 01

Prada Holding BV has decided to put off its planned initial public offering until the autumn, sources said. The Italian luxury-goods group was preparing to go public on the Milan stock market in late June or early July. However, it has decided that market conditions aren't auspicious at the moment. It is now planning the IPO for the autumn, provided that market sentiment improves by then.

ITALY: Prada To Buy Genny Says Source | 29 May 01

Rumours that Prada, the Italian fashion label, is to buy Genny SpA gathered strength this week with an industry insider confirming stories that have been circulating throughout the industry since the beginning of the year. It is thought that Prada will make the announcement this week. The 80bn lira acquisition will terminate talks that began earlier this year.

GERMANY: Jil Sander Reports Rise In Profit And Sales | 10 May 01

German fashion house, Jil Sander, has reported a 19.5 per cent increase in net profit and a 16.3 per cent rise in sales since it was taken over by Prada - the biggest increase since 1996.

ITALY: Prada's IPO To Be Italy's Largest For a Nonstate Firm | 30 Apr 01

Fashion group Prada Holding's initial public offering - expected in June and Italy's largest by a non-state company - will create a new public luxury goods group to rival LVMH Moet-Hennessy Louis Vuitton SA and Gucci Group NV. Growing uncertainty about the economy and the strength of the Japanese yen don't make an ideal backdrop for a luxury-goods IPO, but investors can benefit when the offer is priced, analysts say.

ITALY: Prada's IPO Timing Puzzles Analysts | 25 Apr 01

Demand for Prada Holding BV's initial public offering of stock, expected in June, is considered strong, although the timing puzzles some analysts. The fashion group's IPO would create a public luxury-goods group to rival leaders LVMH and Gucci. The industry's tumbling market valuations would make the Prada shares a good deal for investors, analysts said, but they added that it isn't clear whether the offering would be so good for Prada.

UK: Burberry Sales Up By A Bumper 45 Per Cent | 12 Apr 01

Upmarket designer label, Burberry, whose clothes are worn by models and celebrities like Kate Moss, has seen a huge leap in sales. Figures show that the top label, owned by Great Universal Stores, has seen a 45 per cent increase in sales for the six months to March 31. And the company, whose products are sold in 60 branded shops around the world, is predicting further growth with booming orders for autumn and winter ranges.

ITALY: Prada And Marzotto Say No To Valentino | 5 Apr 01

Italian newspaper Il Sole 24 Ore has reported that both Prada SpA and fashion group Marzotto SpA have ruled themselves out of the running to take on the fashion group Valentino from holding company HDP SpA. With both Prada and Marzotto out of the running it seems more likely that Valentino will be taken on by Gucci, although no official talks have yet been held between Gucci and HDP.

ITALY: Prada Prepares For Possible May Flotation | 2 Apr 01

Prada, the Milan-based luxury goods group, is believed to have pencilled in a May flotation, but executives are keeping close tabs on the volatile markets, UK newspaper the Independent said today.. Prada chairman Patrizio Bertelli said last year that the company would list between 25 per cent and 30 per cent of the business - which could be worth up to £4bn - on the Milanese stock exchange.

UK: Burdale Financial Backs Jones The Bootmakers Consortium | 8 Mar 01

Burdale Financial Limited, a majority-owned subsidiary of the First Union banking group, has come through as a financial backer for the UK-based consortium Monsta Holdings Limited, which is hoping for a £17m acquisition of Jones The Bootmaker from Italian fashion house Prada. The finance group is reported to have provided Monsta Holdings with a financial package worth around £10m, including a property loan and a revolving line of credit, which the group hopes will provide them with flexibility to expand the business.

ITALY: Prada Buys Up Santacroce | 5 Mar 01

Italian fashion group Prada is reported to have bought up 70 per cent of leather apparel specialist Santacroce. The remaining 30 per cent of capital will remain with the company founder.

UK: Jones Bootmakers To Return To The UK | 26 Feb 01

Jones the bootmaker is set to return to the UK following a rumoured £17m deal between Italian fashion house Prada and a UK consortium. The 140 year old bootmakers chain was bought by the Italian fashion house in 1999 as part of a £106m acquisition of shoemakers Church & Co, but has always intended to sell the chain on because its middle market audience was not in keeping with Prada's upmarket image.

ISPO goes back to basics | 14 Feb 01

Sportswear manufacturers are going back to their core products and are concentrating on high tech added value for next winter. That was the clear message at ISPO, Europe's biggest sports trade fair, which finished last week. Penny Leese reports on the latest trends in sportswear.

UK: Scottish Cashmere Company Targets High-Value Business | 30 Jan 01

Scottish cashmere company, Dawson International, is pushing ahead with plans to capture more high-value business both in Europe and globally. Dawson's Todd Duncan subsidiary showed off its new Loch Leven cashmere/silk yarn at the Pitti Filatti expo in Florence last week. Now Ballantyne, Dawson's leading cashmere brand worn by celebrities all over the world, will be showing off its new range for 2001 at a trade show in London in February.

ITALY: Brubach Leaves Prada | 26 Jan 01

The director of Prada's sports clothing division, Holly Brubach, has left the company to pursue other interests according to a company spokeswoman. Brubach joined Prada in November 1998 after serving for over four years as the style editor for The New York Times Magazine. Prada is still looking to fill the vacant role.

USA: Crunch Signs Up Italian Manufacturers | 11 Jan 01

Crunch Fitness International has signed up Italian firms Manrico Holdings SpA and Progetti International to produce a new range of activewear. Under the terms of the venture the health club chain has signed over the licensing rights and worldwide distribution to the Italian companies. Crunch is looking to upgrade its range of activewear and chose Manrico as manufacturer because of its cashmere production for Prada, Louis Vuitton and Ralph Lauren through its subsidiary Manrico Cashmere.

UK: Prada In Talks With Birmingham Mailbox Development | 4 Jan 01

Top Italian fashion house, Prada, could be going to Birmingham as part of a flagship £150 million new shopping complex for the country's second city. Exclusive London store Harvey Nichols has already confirmed it is opening a shop in the state-of-the-art Mailbox development in spring/summer this year.

NETHERLANDS: Gucci Group Announces VP Appointment | 15 Dec 00

Gucci Group NV (NYSE: GUC; Amsterdam) has appointed Giacomo Santucci as managing director of the Gucci Division and vice president of Gucci Group. Giacomo Santucci will join Gucci in January 2001 from Prada Group. "I am pleased that Giacomo is joining Gucci. Giacomo's experience and extensive knowledge of the luxury goods industry will be a great asset to the Group, complementing the already strong skill base of our management team. Appointments of such high calibre demonstrate the excellent work environment of our company as well as the allure and strength of the Gucci brand and strategy. They also help reinforce our position among the world's leading multi-brand luxury goods companies," said chief executive officer, Domenico De Sole.

ITALY: Comit And CSFB To Sponsor Prada IPO | 14 Dec 00

Prada Group has chosen its Italian banking sponsor for its spring IPO on the bourse, Banca Commerciale Italiana (Comit), as well as its international sponsor, Credit Suisse First Boston (CSFB). The CSFB choice, according to a Prada spokesperson, has not yet been officially appointed however.

UK: Upmarket Shoemaker Goes It Alone | 29 Nov 00

Oliver Sweeney, the footwear designer whose customers include US actor Will Smith and UK celebrity chef Jamie Oliver, is to open his forst standalone shop in time for the Christmas rush.

SOUTH AFRICA: Optimism Among New Generation Designers | 23 Nov 00

Does the future of South Africa as a major force in the international fashion market lie primarily with its young black designers? This was a question raised at the close of South Africa's recent Fashion Week - the fifth and most successful event of its type yet staged, and one in which most of the attention of the press from outside South Africa seemed focused on the talents of the new generation of black designers.

Leather looks at Lineapelle | 22 Nov 00

Textured leathers, double effects, checks and patchworks were some of the key trends on show at this month's Lineapelle fair in Bologna, Italy. Focusing on autumn/winter 2001/2002, the event showcased the latest shoe uppers, linings, lasts and soles, along with the developments that will be driving the industry. Penny Leese reports.

USA: DuPont And Dyersburg Launch Stain Release Product | 9 Nov 00

Dyersburg is to expand its Presidio career apparel line with a new DuPont Teflon stain release product.The product has been designed for cotton and cotton blends and removes difficult stains during laundering, while promoting the natural wickability and comfort of cotton. It features hydrophilic properties that allow the fabric to breathe and transport moisture away from the skin, leaving the body dry and cool.Dyersburg's Presidio fabrics have been designed to withstand grease, grime, sunlight, sweat, abrasion, coffee, soda and food, as well as the rigours of industrial laundering. DuPont Teflon fabric protector is currently used by well-known brands and designer collections such as Hugo Boss, Prada, Ralph Lauren, and Nautica.

SCOTLAND: Changes Afoot For Dawson International? | 3 Nov 00

Moves could soon be afoot at Scottish-based cashmere company, Dawson International. The Guinness Peat Group, which has a 21 per cent stake in the company, is currently carrying out a due diligence process on Dawson International. A consortium of Italian investors led by Carlo Gancia, with a 27 per cent stake in Dawson, has put forward plans to promote its flagship Ballantyne brand on a wider international level. Meanwhile, Italian-based fashion house, Prada, has also not ruled out a future move on Dawson International. Prada has a track record of buying top luxury brands. It bought Church's shoes in September last year and reached an agreement in September to buy a major stake in the fashion house of Tunisian-born fashion designer, Azzedine Alaia. Dawson International's Ballantyne and Barrie cashmere brands are worn by celebrities all over the world.

Church's Shoes steps up IT implementation | 24 Oct 00

Church's Shoes, one of the world's leading quality footwear brands, has just completed its first full season of trading in the new ownership of international brand Prada. It is also the first full season operating with the new computer systems it started to implement last year. Both events have had a marked impact, as this report details.

Future of Britain's luxury brands is in the past | 3 Oct 00

The stock prices and reputations of once-unshakeable British names are in sharp decline. The looks that defined the British image are no longer hip. Customers at home and abroad are abandoning the oldest names in fashion and fragrances in favour of labels from Italy, France, and the United States. But all is not lost says John Arlidge.









just-style homepage

Forgot your password?