Prada news and archive

Italy sweatshop probe snares more luxury brands

Italian prosecutors on Thursday named Gucci, Prada, Versace and Yves Saint Laurent as among 13 luxury brands suspected of using subcontractors who exploited migrant workers in Italy, as part of a growing investigation into sweatshop conditions. Milan prosecutor Paolo Storari issued requests for information about alleged abuses by the brands,...

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Italy's luxury brands shaken by sweatshop probes

A series of investigations into exploitative work conditions within fashion subcontractors has roiled Italy's luxury industry, with the government decrying attacks on "Made in Italy". Five fashion brands have been put under court administration since 2024 following probes by Milan prosecutors that uncovered worker abuses and a lack of oversight...

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Prada Spa completes acquisition of Versace

Prada Spa announces the completion of the acquisition of Versace from Capri Holdings today. This follows the receipt of all required regulatory approvals. The group's brand portfolio has therefore expanded. It now includes Prada, Miu Miu, Church's, Car Shoe, Versace, Marchesi 1824 and Luna Rossa. The ready-to-wear, leather goods, footwear and...

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Luxury M&A in 2025: Prada’s Versace buyout and what’s next for the sector

As 2025 draws to a close, the luxury sector has seen a notable uptick in merger and acquisition activity, driven by slower growth in key markets, selective opportunities for undervalued brands, and strategic efforts to expand global portfolios. Leading the pack is Prada’s acquisition of Versace, a headline-grabbing move that highlights both the...

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Prada heir to head Versace after buy-out

Lorenzo Bertelli, the son of designer Miuccia Prada, said Wednesday he will become executive chairman of Versace following the Prada Group's takeover of its smaller Italian rival. Prada announced in April it was buying Versace from US group Capri Holdings for 1.25 billion euros (1.4 billion dollars). Bertelli, currently Prada's group chief...

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Armani acquisition unlikely for Prada Group, says CEO Andrea Guerra

The Armani Group does not appear to be in Prada's future. “I don't think it will happen,” said Andrea Guerra, chief executive officer of the Prada Group, yesterday during a conference call with analysts for the presentation of data for the first nine months of 2025. Guerra was responding to a question about whether the group might enter the deal...

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Prada Group retail sales grow by 9 percent in first nine months of 2025

Prada S.p.A. reported net revenues of 4.07 billion euros in the first nine months of the year, an increase of 9 percent year-over-year at constant exchange rates. This marks the group's 19th consecutive quarter of growth. According to data reviewed and approved today by the Prada S.p.A. board of directors, retail sales amounted to 3.65 billion...

Fashion

MFW SS26: Prada shows a new silhouette that floats away from the body

When it came to standout pieces, skirts claimed the spotlight at Milan Fashion Week SS26. Prada, in particular, unveiled a silhouette that set itself apart. Skirts fastened to suspenders seemed to drift away from the body, paired with bras that concealed yet offered no structure. Credits: Prada SS26 close up skirt ©Launchmetrics/spotlight...

Culture

Prada brings Sea Beyond project to Shanghai

Prada is continuing its efforts to raise awareness about the environment and the ocean. For ten days, the historic Shanghai residence, restored by the Prada Group, will host a programme of educational activities on the theme of ocean preservation as part of the Sea Beyond project, aimed at engaging the local community. From October 10 to 19,...

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EU green lights Prada's bid for Versace

The EU on Tuesday cleared Italian fashion label Prada's 1.25-billion-euro (1.5-billion dollars) purchase of rival Versace after finding the acquisition raised no competition concerns. The bid comes after Donatella Versace ended nearly 30 years as creative director of Versace. The European Commission said it concluded the purchase "would not...

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Fashion

Milan Fashion Week was a season of reckoning and renewal

Milan Fashion Week this September was as much an event behind the scenes as it was on the runway. The tides of fashion have rarely shifted as abruptly as in 2025, and both the spectacle and the machinery of the industry now unfold under intense scrutiny. According to the Camera Nazionale della Moda Italiana, Italy’s fashion industry generates...

Fashion

Dario Vitale's Versace blends vintage references with street style

From Prince to Ennio Morricone and Eurythmics to Janet Jackson, the soundtrack for the presentation of the upcoming spring/summer 26 collection designed by Dario Vitale for Versace reveals that the pieces are neither monotonous nor predictable. The designer, formerly the creative director of Miu Miu, has not fallen into the trap of evoking the...