Working almost exclusively with leather and corduroy to give the collection a sense of “normality,” Prada riffed on simplicity, authenticity and the naïf, favoring the crude and unsophisticated over the polished and urbane.
Emilie Rubinfeld succeeds Francois Kress, who has left the company.
Alibaba, criticized for the fake products on its platforms, said the new group will “use technology in the global fight against counterfeits”.
Multiple, qualified bids on the company could pave the way for a bankruptcy auction for Nasty Gal.
The Los Angeles company’s deal to Gildan Activewear received court approval along with smaller deals on some retail leases also receiving the OK.
Retail and luxury stocks were mostly down in early trading on Thursday.
Tmall Global almost doubled its product categories to more than 3,700, from 63 countries and regions last year.
The Japanese retailer credited cost-cutting measures, a foreign exchange gain and a low comparative base for the improvement.
The parent of Cartier and Dunhill beat analysts’ projections, thanks to robust jewelry sales and stronger demand in Europe and mainland China.
The comps decline was 3.1 percent for the nine weeks.
Tod’s shares spiked on the Italian Bourse on Wednesday morning, following rumors that Andrea C. Bonomi has purchased a 3 percent stake.