Prada

Prada reported constant-currency net revenue growth of 16% to €3.048bn and accelerated organic growth in the second quarter to 7%. Reported net profit fell 15.3% to €327m but remained above the analyst consensus; the core brand’s retail sales rose sequentially. Morgan Stanley reiterated an "In-Line" rating with a price target of HK$42 and warned of around 350 basis points of EBIT headwind in the second half from Versace integration costs and currency effects. » Mere på de.investing.com

In the BofA Brand Leading Indicator for Q2 2026, Prada ranks first in the soft-luxury segment, followed by Michael Kors and Alaïa. The ranking evaluates 43 brands based on social followers, search queries and website traffic, weighting momentum at 60% and digital presence at 40%. Michael Kors improved strongly thanks to increased Google searches, while Prada and Alaïa were consistently highly placed in the first half of the year. Overall digital engagement in the soft-luxury sector rose 18% year-on-year, supported by demand from the US and South Korea. » Mere på de.investing.com

Prada has terminated several contracts following intensified inspections of suppliers: in 2025, 173 inspections produced 43 findings, six with significant shortcomings and 37 with deviations from company standards. More than a quarter of roughly 850 partners who were repeatedly and unannounced inspected failed due to serious violations such as unauthorized sleeping quarters, inadequate safety and insufficient waste management. An internal unit of eleven employees now monitors about 1,000 suppliers in Italy, after the Milan public prosecutor opened investigations into labor exploitation and requested documents from several fashion companies. » Mere på kurier.at

Dario Vitale will leave Versace on Dec. 12, eight months after his appointment and two days after Prada completed its $1.375 billion cash acquisition of the brand. Versace thanked Vitale for his work during the transition and said a successor will be announced in due course. CEO Emmanuel Gintzburger will oversee the creative team in the interim. » Mere på abcnews.go.com

Dario Vitale has mutually agreed to leave his role as Versace creative director effective 12 December, less than nine months after taking the position and two days after Prada completed its $1.4bn purchase of the brand. Versace said Vitale contributed to the brand’s creative transition and will be replaced “in due course,” while the creative team will report to CEO Emmanuel Gintzburger during the search. The move follows concerns from Prada’s leadership about fit and comes as Versace seeks a new direction under its new owner. » Mere på theguardian.com