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Tag: Miuccia Prada

  • Prada heir Lorenzo Bertelli will have strategic role at Versace as executive chairman

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    MILAN (AP) — Prada heir Lorenzo Bertelli will have a major strategic role as executive chairman of Versace after the Prada Group completes its 1.25 billion-euro ($1.4 billion) deal to buy its rival, expected in the coming weeks, the Prada Group confirmed Thursday.

    Bertelli, 37, has been previously announced as the future leader of the Prada Group, where he has been marketing director since 2019 and head of corporate responsibility since 2020. The elder son of acclaimed designer Miuccia Prada and Prada Group chairman Patrizio Bertelli joined the group in 2017 as head of digital communication.

    Bertelli made the announcement about his next role on an Italian-language Bloomberg podcast Wednesday.

    He said he doesn’t expect any big shake-ups at Versace at least for the first year after the acquisition is complete as he gets to know the company and its executive team. But he underlined that the 47-year-old fashion house founded by the late Gianni Versace has been underperforming its potential.

    “The brand is much bigger than the revenue that it is generating,’’ Bertelli said, noting that Versace remains among the top global fashion brands.

    The Prada Group announced in April the deal to buy crosstown fashion rival Versace from the U.S. luxury group Capri Holding, putting Versace’s sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven market.

    Versace represented 20% of its current owner’s 2024 revenue of 5.2 billion euros.

    In a presentation on the deal last spring, Prada estimated that Versace would make up 13% of the Prada Group’s pro-forma revenues, with Miu Miu coming in at 22% and Prada at 64%. The Prada Group, which also includes the Church’s and Car Shoe brands, reported a 17% boost in revenues to 5.4 billion euros last year.

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  • Ding-Dong, the -Cores Are Dead

    Ding-Dong, the -Cores Are Dead

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    Style Points is a weekly column about how fashion intersects with the wider world.

    “The primacy of clothes.” That was Miuccia Prada and Raf Simons’ stated starting point for their fall 2023 menswear collection back in January. And it’s a sentiment that designers have been going back to recently, tired of chasing the concentric trend cycles of TikTok trend forecasters, the tyranny of “-cores,” and the transient dopamine hit of viral moments. With the exit of maximalist maestro Alessandro Michele, an overall mood of minimalism in fashion, and a renewed interest in investing in classics, there was a level of restraint running through this season. These were not short-term infatuations. They were clothes to fall in love with.

    And there was a sense of time longer than a TikTok nanosecond—an affinity for the meandering run times of classic cinema, the attention span of a former world, the patience it takes for a designer to build a legacy, and the time-consuming craft that’s required to create pieces that can be worn forever.

    prada fall 2023

    Prada fall 2023.

    Courtesy of the designer.

    Miuccia Prada famously helped pioneer the idea of “ugly chic,” but this season was a meditation on beauty. And on uniforms, which have been a point of fascination for the duo. She and Simons referred to them as “sartorial representations of care and responsibility,” a sign of steadiness in a shifting world. Uniforms, in a way, are about time: the investment of skills and the persistence of labor. Utilitarian pieces like military jackets and duffel coats were juxtaposed with inordinately pretty and social event-worthy items (bridal gown-inspired 3D embellished floral skirts, candy-colored pumps.) It felt like their way of closing the gap between two diametrically opposed slices of fashion: quotidian fare and occasion dressing. Why is beauty restricted to certain socially-sanctioned moments? Why can’t we treat the everyday as an event, too?

    dior raw fall 2023

    Dior fall 2023.

    Courtesy of the designer.

    At Dior, Maria Grazia Chiuri looked to the 1950s, which don’t get as much of an airing in a fashion industry currently besotted with the ’90s and aughts. Drawing from the life and style of Catherine Dior (the house founder’s sister, a flower farmer and French Resistance fighter) and the singers Edith Piaf and Juliette Gréco, she crafted beatnik-existentialist uniforms that nodded at the undersung radicalism of the period. For Chiuri, clothing can absolutely be as intellectual as a Left Bank café society habitué. She called it “the tactile embodiment of a form of thinking, a means of approaching, of tuning into the world.”

    bottega veneta fall 2023

    Bottega Veneta fall 2023.

    Swan Gallet

    Bottega Veneta’s Matthieu Blazy followed up last season’s “Kate Moss in (luxe leather masquerading as denim) jeans and a flannel shirt” moment with sharp trenches, shirting and suits. While it had its maximalist moments, the collection demonstrated his power when it comes to low-key luxury. In his hands, even a simple white tank and jeans combo looked newly irresistible.

    bally fall 2023

    Bally fall 2023.

    Courtesy of the designers.

    Two young designers making much-anticipated sophomore efforts—Bally’s Rhuigi Villaseñor and Ferragamo’s Maximilian Davis—showed they could play in the big leagues with their fall collections. Called “The Persistence of Time,” Villaseñor’s collection was inspired by Hollywood, and it felt imbued with cinema’s heritage and history, whether it was the après-skiwear of Old Hollywood icons or the vestiges of red carpets past. Clearly, Villaseñor was one of many designers rethinking their own personal tempo. To quote from his show notes, “his approach eschews the fleeting moment for the full movie.”

    ferragamo fall 2023

    Backstage at Ferragamo fall 2023.

    Courtesy of Ferragamo.

    Davis also looked to the silver screen, and the past. He went back to the rich text that is the house’s cinematic heritage, particularly in the 1950s, the era that saw Salvatore Ferragamo outfitting Marilyn Monroe and Sophia Loren. “I was interested in using their glamour and beauty, and their way of dressing, as a reference, but looking at how we could make it feel modern,” the designer said in his show notes. He wanted to focus on “the more romantic side” of the decade, with elements like off-the-shoulder necklines and full skirts. But Davis’ midcentury starlet had an edge to her, too, one that came out in candy-wrapper surfaces and pops of fire hydrant red and highlighter yellow.

    the row winter 2023

    The Row winter 2023.

    Courtesy of the designer.

    And at The Row, always a bastion of Carolyn Bessette-style reserve, Mary-Kate and Ashley Olsen turned out grand gestures, like exaggeratedly oversized, knotted capes, or dresses with dramatic opera gloves. Despite their heightened quality, the clothes felt like they existed in real life, not on a runway—particularly in the case of a bright red coat clutched to the chest along with gloves and a minibag, the way the designers themselves might in one of their own endlessly-referenced street style photos. Another bright spot: seeing Maggie Rizer pop up on the runway. Along with welcome returns elsewhere this season from Amber Valletta and Jessica Stam, it was a reminder that fashion is at its best when it’s timeless.

    Headshot of Véronique Hyland

    ELLE Fashion Features Director

    Véronique Hyland is ELLE’s Fashion Features Director and the author of the book Dress Code,<https://bookshop.org/p/books/dress-code-unlocking-fashion-from-the-new-look-to-millennial-pink-veronique-hyland/17540227?ean=9780063050839> which was selected as one of The New Yorker’s Best Books of the Year. Her writing has previously appeared in The New York Times Magazine, The New Yorker, W, New York magazine, Harper’s Bazaar, and Condé Nast Traveler.

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  • Prada offers spare, cleansing looks at Milan Fashion Week

    Prada offers spare, cleansing looks at Milan Fashion Week

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    MILAN (AP) — The Milan menswear runway was full of spare looks for next fall and winter, as if the fashion world is taking a deep breath, to see what happens next.

    The color of the season: Black. The silhouette of the season: slim or relaxed, but mostly tailored. Bags: Utilitarian. Shoes: Oversized and sole gripping. Still, all of this utility was punctuated with romantic, feminine and even sexy gestures.

    Here are some highlights from the third day Sunday of mostly menswear previews for fall-winter 2023, as many big brands seemed to be hitting the reset button:

    PRADA’S RETRO-FUTURISM

    The ceiling on the darkened Prada showroom rose to reveal industrial chandeliers as the first looks appeared on the runway: tailored, slightly blocky suit jackets with sharp, wing-like collars that flapped gently with each step, secured and cushioned by just a wisp of colorful knitwear.

    The collars, reminiscent of the 1930s or ’70s and in retro geometric prints, gave a romantic touch to an otherwise spare and cleansing collection by co-creative directors Miuccia Prada and Raf Simons.

    “There is no space for useless creativity,” Prada summed up backstage.

    The sharp collars, which appeared also on cardigans, are detachable, giving garments a longer life, and utility. On the runway, they were sexily styled without shirts.

    The pair continued their exploration of uniforms, the sort that exemplify the value of working and not projecting authority. In that vein, suede tunics with matching overcoats recalled an artisan’s apron, worn with a shirt and tie to emphasize the virtue of work, and over the season’s slim trousers.

    The clean looks and minimalist tailoring had an intentional retro-futuristic feel, that Simons defined as “very Prada, in my opinion.”

    Puffer coats had a rotund shape. Quilted T-shirts kept the torso warm under overcoats. Shoes were thick-soled lace-ups with raised piping. Bags were slim document or computer bags, with a thermos slot.

    Suiting was mostly black or gray, with separates providing color: trousers in red or green, cerulean blazers, yellow and pink cardigans.

    Even the venue at the Fondazione Prada was stripped of artifice, down to the concrete floors and walls and ceiling, which dropped back down as the models left the runway.

    Outside, hundreds of screaming K-Pop fans greeted the Enhypen band as they arrived for the show, and a few were rewarded with selfies afterward.

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    SIMON CRACKER PAYS TRIBUTE TO VIVIENNE WESTWOOD

    The designers behind the Simon Cracker brand paid tribute to Vivienne Westwood’s legacy during a runway show presenting their latest collection of upcycled garments.

    “We are here thanks to her. She was the first to make garments from upcycling,” said Filippo Biraghi, who founded Simon Cracker with Simone Botte in 2010.

    “We studied her, we wore her, we lived her and we feel allied,″ Biraghi said of the British designer who died last month at 81. “She used fashion to protest, as a language of protest, for her entire history.”

    Following in Westwood’s upcycling footsteps, the designers collect unclaimed garments from drycleaners and textile remnants from producers to make their unique creations.

    In this punk-inspired collection, each garment is one-of-a-kind, promoting nonconformity. Caps served as epaulets on jacket shoulders; a mini-skirt was fashioned from tiered ruffles in the front and netting in the back; handmade blankets became overcoats. Knitwear was made from recovered yarn and in collaboration with designer Gaia Segattini.

    In the spirit of Westwood, the show closed with a model swathed in a tulle garment with the words: “Demand the Impossible,” emblazoned on the front. The garment was a collaboration with Jamie Reid, the art director of the Sex Pistols, who donated clothes from his “Ragged Kingdom brand,″ for the final looks.

    For the finale, all the models wore photos of Westwood around their necks. Biraghi, who wore a T-shirt picturing a joyful Westwood on the front, turned to reveal another image of her scowling on the back.

    The designers said their messaging, one that has been with them since the brand’s inception, has grown more urgent, citing the danger to the planet and “the system’s mockery.”

    “There is something wrong if you are not pissed off today,” Biraghi said.

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    CHARLES JEFFREY LOVERBOY’S IMAGINED WORLDS

    Charles Jeffrey Loverboy, the label of the self-proclaimed club kid and Scottish-born designer Charles Jeffrey, brought joy to the Milan runway with fanciful storytelling though knitwear, kilting and prints.

    Jeffrey presented his “Engine Room” collection through three subcultures in a mythical floating city: workers, whose toil keeps the city aloft; posers, or former workers who now bask in luxury; and snakes, aka, the media. While other brands hewed toward the minimal, Jeffrey went maximal, with a focus on sartorial details and an explosion of color.

    The workers were clothed in gray, black and white, faces smudged, with starry prints and clawed footwear. Posers burst with color, including graphic prints from the archives of the Scottish artist and playwright John Byrne, metallic accents and endearing knitwear with kwai detailing like hoods with ears. The snakes had a Goth edge, dark garments giving way to newsprint prints against a black-white-and-red (read) palette.

    Jeffrey called the collection “a celebration of Scotland, workers and Renaissance people.”

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  • Must Read: Miuccia Prada and Raf Simons In Conversation, Why The TikTok Beauty Collab Model Isn’t Working

    Must Read: Miuccia Prada and Raf Simons In Conversation, Why The TikTok Beauty Collab Model Isn’t Working

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    These are the stories making headlines in fashion on Friday.

    Miuccia Prada and Raf Simons discuss fashion, business and the future
    For Vogue, Miuccia Prada and Raf Simons sat down ahead of Prada’s Fall 2023 men’s show to discuss the work they have done together since 2020, as well as what comes next for the duo. Prada said, “We are a company that is making money by selling expensive clothes […] So pretending [by creating] useless stuff? I think it is better to do something that makes sense to people […] This doesn’t mean we don’t have to be creative — but we have to be creative in a way that is real and human. {Vogue}

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    Brooke Frischer

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  • Must Read: Why Prada is Appointing New Leadership, Chanel’s Éric Pfrunder Has Passed Away

    Must Read: Why Prada is Appointing New Leadership, Chanel’s Éric Pfrunder Has Passed Away

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    These are the stories making headlines in fashion on Wednesday.

    Why Prada is appointing new leadership
    As announced TuesdayPatrizio Bertelli and Miuccia Prada are appointing Andrea Guerra CEO of Prada Group. The shift comes as Bertelli, aged 76, and Prada, 73, are preparing to pass the reins on to the family’s next generation. (Their son, Lorenzo Bertelli, 34, has taken on an influential role at the company since 2017.) While the younger Bertelli is projected to take over Prada within the next few years, the company plans on first appointing external talent before easing into its new generation. “The market is likely to react positively to the management changes. While Lorenzo Bertelli has been instrumental in some of the initiatives of the group… it would have likely been too early for him to take on the role as group CEO,” says UBS analyst Susy Tibaldi. {Business of Fashion}

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    Angela Wei

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  • Prada charts line of business succession, tapping new CEO

    Prada charts line of business succession, tapping new CEO

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    MILAN (AP) — The Prada fashion house began charting a line of succession on its business side, announcing Tuesday that it is tapping a former LVMH executive as its next CEO and confirming that Miuccia Prada will continue in her creative roles.

    Andrea Guerra is set to be confirmed by the board next month as the new CEO, succeeding Patrizio Bertelli, who will stay on as chairman. The move is intended as a step toward ultimately handing the reins of Prada Group to Bertelli and Miuccia Prada’s son, Lorenzo Bertelli. The younger Bertelli now oversees digital marketing and sustainability.

    The statement emphasized that Miuccia Prada will remain co-creative director of Prada with Raf Simons, creative director of Miu Miu and a board member.

    “This is a fundamental step we have decided to undertake, while completely engaged in the company, to contribute more to the evolution of the Prada Group, and to ease the succession of Lorenzo Bertelli, the future leader of the group,” Patrizio Bertelli and Prada said in a statement.

    Guerra, 57, is one of Italy’s highest-profile executives, serving as the long-time CEO of Luxottica, the world’s largest eyewear company, followed by a stint at the Eataly global chain of eateries and marketplace for Italian-produced specialties. Most recently, he was in executive positions at the French conglomerate LVMH.

    Succession is an issue at Italy’s family-run companies, and not only in fashion, and the move appears intend on sending a message to financial markets that a plan is in place. Guerra has longtime experience in a family-run company, serving for a decade as CEO at Luxottica before owner and founder, the late Leonardo del Vecchio, took back day-to-day operations following disagreements.

    Prada denied that bringing on Raf Simons in 2020 was a move designed to set up the creative succession at the fashion house specializing in luxury handbags, footwear and understated apparel. Still, speculation started anew after the Belgian designer announced last month that he is closing his eponymous fashion brand after 27 years.

    Besides the Prada and Miu Miu fashion houses, the Prada Group also includes the footwear companies Church’s and Car Shoe, as well as the pastry shop Marchese with 627 stores in 70 countries.

    Prada trades in Hong Kong, where shares closed down 2.33% just before the announcement was made.

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