Italian fashion house Prada reported a 2011 net profit of 431.9 million euros beating a Thomson Reuters forecast of 415.83 million euros, annouced reuters. Prada posted a 72 percent rise in full-year net profit. Prada’s shares listed in Hong Kong have gained 41 percent since the start of 2012. Milan-based Prada is seen as … Read more
Jean-Paul Guerlain, one of France’s foremost perfumers, was fined 6,000 euros over the “negre” racist remarks which were broadcast in 2010. The racist TV comments were said during an interview for France-2 television in which the perfumer explained how hard he worked to create his famous Samsara perfume. Jean-Paul Guerlain used the French term “negre”. … Read more
Hennes & Mauritz are plotting a new luxury line Swedish giant Hennes and Mauritz, the owner of H&M, COS, Monki and Cheap is branching into a luxury line. The Swedish retailer confirmed that a new luxury store chain will be launched in 2013 to broaden its offering. “We are making these long-term investments in order … Read more
Stefano Gabbana and Domenico Dolce, will appear as extras in Woody Allen’s To Rome With Love Stefano Gabbana and Domenico Dolce are set to appear in a cameo role in Allen’s new film, To Rome With Love , alongside Penelope Cruz, premiering in Rome on April 13. The creative duo were appeared also in Giuseppe … Read more
For Spring Summer 2012 campaign, Prada re-modelled actor Michael Pitt as a Golden Age of Hollywood studio icon in a striking series of performative portraits. Shot by world-renowned fashion and portrait photographer David Sims, the images of the Prada Spring/Summer 2012 menswear campaign are presented in rich tones and deeply saturated colours echoing 1950s studio … Read more
Euromonitor International has recently published the Top 10 Consumer Trends for 2012, an interesting reading about 2012 consumers. Consumer identity is expressed in more complex ways than through consumption alone. Today, identity also encompasses weight, online status, green thrift, and attitudes to reality culture – even in emerging markets, where the joys of spending are still … Read more