Italy's luxury fashion brand Prada said that its net profit rose by 7.6 percent in the first half of its fiscal year to 308.2 million euros and expressed confidence for the future despite an uncertain international economic outlook.
VF Corp, known for its flagship clothing brands The North Face and Vans, reported a better-than-expected first-quarter profit as margins rose to a record high, and the company raised its earnings forecast for 2013.
Luxury French companies are booming but suffer from a shortage of international executives. The situation has prompted the French Institute of Fashion to launch a one-year program in English to ready managers for an international career.
Puma is making sports performance the heart of its new marketing campaign. Under the name The Nature of Performance and developed in collaboration with Droga5, the initiative showcases the Puma product and the performance of athletes.