Tim Blanks on Prada

Burberry Spotlights Statement Shoes, The Math Behind Moncler's 'Genius' Events, Mytheresa and Farfetch Results

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, FEBRUARY 24, 2023 Tim Blanks reports from the second day of Milan Fashion Week: Prada. Daniel Lee's debut for Burberry contained the hybrid glam-comfort footwear that luxury customers crave. Moncler's large-scale 'Genius' events help it punch above its weight, argues Luca Solca. Mytheresa said growth slowed and profits fell last quarter, citing softer demand from aspirational luxury consumers. Farfetch reported another decline in sales on its marketplace in the fourth quarter, but said it expected to return to growth this year. Plus, Middle Easterners are increasingly open to mixing global and local brands, finds BoF Insights' new report: "Fashion in the Middle East: Optimism and Transformation."

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FASHION WEEK A Plea for Compassion at Prada By Tim Blanks

The latest collection from Miuccia Prada and Raf Simons was an emotional elevation of the everyday, writes Tim Blanks. READ MORE

LUXURY BoF Insights | Why Burberry Is Putting Statement Shoes in the Spotlight By Imran Amed and Daniel-Yaw Miller

Daniel Lee's debut show underscored the luxury industry's focus on designer shoes to drive growth, with a big nod to the hybrid glam-comfort styles that luxury customers now crave. READ MORE

LUXURY The Simple Math Behind Moncler's Genius Spectacles By Luca Solca

The Italian skiwear brand's large-scale events are a good example of how it's able to play in the same league as brands with significantly larger budgets, argues Luca Solca. READ MORE

LUXURY Mytheresa Growth Slows, Profits Narrow Amid Challenges For E-Tailers By Tamison O'Connor CEO Michael Kliger said the company would increase its focus on cultivating a top-end clientele as demand from aspirational consumers softens. READ MORE

RETAIL Farfetch's Sales Drop, Still Beats Expectations By Malique Morris Gross merchandise value dropped nearly 12 percent year-over-year in the last quarter of 2022, and revenue fell 5 percent percent, as the luxury e-commerce firm continued to face challenges in Russia and China. READ MORE

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NEWS BRIEFS Alibaba Beats Quarterly Revenue Estimates as Covid Curbs Ease Ray-Ban Maker Essilorluxottica's Sales Rise on Solid European Growth

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Herno SS23 Collection Herno has chosen to tell a part of the fashion theme of the SS23 collection that most of all evokes adventurous explorations: Urban Pink Safari. Materials, prints, workmanship and fits are inspired by history but reemerge elaborated in an unpredictable manner. Different landscapes, as in a safari that for the brand can only be urban. The street and informal style dominates where the colour fuchsia is the protagonist, interspersed with camel and the Jungle print, that is the trait d'union. Enjoy the Herno woman collection! DISCOVER MORE

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