Prada has become the latest big name in luxury fashion to go fur-free with the group’s brands, including Prada itself plus Miu Miu, Church’s and Car Shoe, to stop using fur from its SS20 womenswear collection.
Italian luxury goods maker Prada predicted a return to sales and profit growth next year, partly helped by improved sales trends in China, after posting a 25 percent drop in first-half underlying earnings and net profit.
The Italian luxury group disclosed its social responsibility commitments on Monday at a round-table conference. Its current main commitments are the launch of a dedicated website and the publication of a report.
For the first half-year of its financial year, the Italian luxury group has reported a 4% increase at 1.8 billion euros, managing to compensate for the weakness in Asia with strong results in its retail network.