Italian fashion group Prada sees sales rising further in the second half of the year after revenues beat market expectations in the first six months, extending a recovery from the worst of the Covid-19 crisis.
UK consumers are continuing to search for fake luxury brands in large numbers and some have more appeal to label-hungry shoppers than others. In fact, Rolex is the most wanted label for those seeking fakes online.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
Gucci has been named as the hottest brand in fashion for the fourth consecutive quarter by Lyst, with the return of dressier options and styles for travel and leisure also being identified as key quarterly trends.
The men’s collections for next summer presented in London, Milan and Paris blended streetwear and couture in a new mix, laid-back yet sophisticated, for an easy-going, highly wearable fashion to be enjoyed outdoors.
Milan Fashion Week Men ended on Tuesday with a sense of unfinished business. Nearly all shows were virtual and there was little buzz in the city, though designers conveyed unreserved optimism in their videos.