Prada news and archive

Aura Blockchain Consortium welcomes Marcel Härtlein as new chief executive

Aura Blockchain Consortium, the non-profit organisation founded in 2021 by LVMH, OTB Group, Prada Group and Cartier (part of the Richemont group), has officially announced the appointment of Marcel Härtlein as chief executive officer and secretary general. The executive takes over the operational leadership of the consortium with the aim of...

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Lorenzo Bertelli (Prada): "thanks to AI, we will finally be able to value people who work with their hands"

Scandicci (Florence, Italy). “Technology and artificial intelligence will give us efficiency and free up time for high value-added work,” stated Lorenzo Bertelli, chief marketing officer and head of corporate social responsibility for the Prada Group, and the future CEO. Bertelli was in Scandicci in November, together with current CEO Andrea...

Retail

Prada partners with Indian corporations for Kolhapuri chappal project

Luxury fashion house Prada has signed a Memorandum of Understanding (MoU) with two Indian government corporations, LIDCOM and LIDKAR, to launch the “PRADA Made in India x Inspired by Kolhapuri Chappals” project. The agreement was finalized yesterday at the Consulate General of Italy in Mumbai. The collaboration will create a limited-edition...

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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...

People

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...