MILAN — Prada SpA is in transition — and its profits are feeling the impact.
The luxury fashion house on Thursday reported a 23.8 percent drop in net profits for the first quarter, hit by currency headwinds and the rationalization of its wholesale channel. Chief executive officer Patrizio Bertelli and the group’s management are taking the sharp decline in stride, though, saying it stems from the company’s already-outlined plans for a year of consolidation.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)