MILAN — Prada reported net profits of 249 million euros in the 2017 fiscal year ended Dec. 31, down 4.3 percent compared with 260.2 million euros in the previous year. Revenues decreased 3.6 percent to 3.05 billion euros, compared with 3.17 billion euros in the previous year. The financial data refers to 12-month pro-forma data from January to December both for 2017 and 2016 for transparency because year-end has been brought forward to Dec. 31 from Jan. 31.
Despite the declines, chief executive officer Patrizio Bertelli said he was satisfied with the progress made in 2017. “In the second part of the year and in the first months of 2018 sales trends have been progressively improving, thus demonstrating the first significant results from our ongoing strategic initiatives across the group.”
Trevor Andrew, the artist known for his Gucci Ghost collaboration with Gucci, hit Complexcon last weekend to launch his fist line, Real Buy. The streetwear line includes jackets, short- and long-sleeve T-shirts, each with one of the artist’s seven designs, reports @ariahughes .
Kane Brown didn’t take the traditional road to country music stardom, writes @jeanpalmieri .
Instead of cutting his teeth in church and dive bars throughout the South, Brown made a splash on Facebook by releasing several covers of country classics — George Strait’s “Check Yes or No” and Lee Brice’s “I Don’t Dance” among them — that soon went viral. “I was working at FedEx and Target and just doing it for fun,” he said of the videos. “I put it on social media and got around 50 likes. Then I woke up one day and saw that it had gone viral overnight.” Read more on WWD.com 📸: @georgechinsee