Prada’s second generation may take over in three years
Fashion Without Borders has learned that Patrizio Bertelli, chief executive officer of Italian luxury brand Prada, recently said in an interview that he has now confirmed his intention to retire and revealed plans to put his eldest son Lorenzo in charge of the Italian fashion company in the next three years to ensure that control of the company remains in the hands of the family. It is reported that Lorenzo Bertelli, 33, is the eldest son of Miuccia Prada and her husband Patrizio Bertelli. A former professional Italian rally driver, he joined Prada as head of digital in 2017 and was appointed to the board of directors in May this year, where he currently serves as marketing director and head of corporate social responsibility (CSR).
Foot Locker’s third-quarter revenue up 3.9%
Foot Locker, a U.S. footwear retailer, reported a 3.9% year-over-year increase in sales to $2.19 billion for the third quarter ended Oct. 30, also recording a strong 13.3% increase over the same period in 2019, while net profit plunged 40% year-over-year to $158 million, Fashion Without Borders has learned. During the period, Foot Locker also completed the acquisitions of WSS and Atmos, further enriching its product portfolio to meet the needs of different levels of consumers.
Givenchy and artist Chito collaborate to launch NFT collection
Fashion Without Borders has learned that Givenchy will collaborate with Mexican graphic artist Chito to launch a new NFT collection, accelerating its efforts in the virtual product space. The NFT collection is a follow-up to the early spring 2022 collection, in which Chito creates unique gun graphics for the brand, reinterpreting the brand’s iconic logo in a bold style. The proceeds will go to The Ocean Cleanup, a non-profit organization that aims to remove 90% of the air pollution from floating ocean plastic.
Lanvin’s parent company unveils new brand image
Fashion Without Borders has learned that the Lanvin Group, a fashion and luxury group, has officially unveiled its new brand image. It is reported that Fulan Group, formerly known as Fosun Fashion Group, has renamed the group after its luxury brand Lanvin and launched a new brand image, which fully demonstrates the company’s commitment to build a clear vision of an iconic global fashion and luxury brand portfolio. The new brand identity, which includes a modern logo and a new official website, shows the group’s adherence to its classic heritage and its determination to become an innovator in the global luxury market.
Moncler Tops Dow Jones Sustainability Index for Third Consecutive Year
According to the Standard & Poor’s 2021 Global Corporate Sustainability Assessment, luxury down brand Moncler has topped the Dow Jones Global and European Sustainability Index (DJSI) for the third year in a row, with the highest score of 89/100 in the “Textiles, Apparel and Luxury” category. Remo Ruffini said that the brand has already started a recycling project for nylon waste and down, and in the coming months it will also become carbon neutral at its own production sites worldwide. In the future, it will continue to work closely with suppliers and actively develop low environmental impact materials.