Must Read: The Rise and Fall of Prada, Risks and Rewards of a Private Client Business:
Author:Rania BoltonUpdated:Sep 18, 2019Original:Sep 18, 2019These are the stories making headlines in fashion on Wednesday. Prada is one of the most influential luxury brands of our time, yet in recent years the company has seen a major decline in sales due to a slowdown in China and brand investment. What was once one of the most anticipated shows of the season quickly fell into the realms of financial instability with the brand's annual profit falling nearly 28% in 2014.
Mini bags —which reached peak popularity after the introduction of Jacquemus' "Le Chiquito" bag —took off because of their affordability compared to traditional It bags. Though mini bags have gained traction, many customers are moving toward purchasing bags that offer functionality , ditching the traditional handbag. {Vogue Business}This isn't the first time German luxury brand Jil Sander has reinvented itself.
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