Prada

Poll

Prada Shows Off a Bright, Lax Approach For Fall 2011 — Love It or Leave It?

For its Fall 2011 campaign, Prada tempered its colorful collection featuring bright hues and funky mermaid-scaled dresses with models, like Frida Gustavsson and lesser-known Ondria Hardin, posing in louche and laid-back positions.

For its Fall 2011 campaign, Prada tempered its colorful collection featuring bright hues and funky mermaid-scaled dresses with models, like Frida Gustavsson and lesser-known Ondria Hardin, posing in louche and laid-back positions. The idea, shot by Steven Meisel, was meant to, "exemplify an anything goes attitude to fashion maximalism," as portrayed by the harlequin flooring and fancy velvet sofas, juxtaposed with a casual attitude. Decadent, yes, but are you sold on Prada's easy take on elegance?

Prada

A First Look at Prada's Fall 2011 Campaign

>> No familiar faces populate Prada's Fall 2011 campaign, save one: Frida Gustavsson.
Prada Fall 2011 Ad Campaign

>> No familiar faces populate Prada's Fall 2011 campaign, save one: Frida Gustavsson. In fact, most of the rest of the Steven Meisel-shot cast hasn't even set foot on a runway — as is the case for North Carolina-bred Ondria Hardin and Arizona native Kelly Mittendorf, the two other campaign faces who have been revealed so far. [Models.com, TFS]

 

Prada

Miuccia Prada Personally Earned Over $14 Million Last Year

>> As Prada prepares for its initial public offering in Hong Kong later this month, details that were once kept private about the company are now being filed publicly.

>> As Prada prepares for its initial public offering in Hong Kong later this month, details that were once kept private about the company are now being filed publicly. Last week, we learned that Prada is estimated to be worth some $15 billion; Now, thanks to a 450-page document released today by the Hong Kong Stock Exchange website, we know that Miuccia Prada earned 9.7 million euros (approx. $14.1 million) last year, while her husband and Prada CEO Patrizio Bertelli made 10 million euros (approx. $14.6 million) in the same period of time — making them "two of fashion’s best-paid stars," as WWD points out. [WWD]

Louis Vuitton

Marc Jacobs on His "Great Talent" and Trying to Top the Last Louis Vuitton Show

>> In anticipation of his Lifetime Achievement Award, which he will receive during the CFDA Awards Monday, Marc Jacobs (who notes of the award, "It’s not my achievement, number one.

>> In anticipation of his Lifetime Achievement Award, which he will receive during the CFDA Awards Monday, Marc Jacobs (who notes of the award, "It’s not my achievement, number one. It is Marc Jacobs as a company") sat down with WWD to wax philosophical on everything from Alexander Wang to Twitter to whether he considers himself a "great talent."

Highlights from the interview, below.

On what he did for Memorial Day: “Memorial Day? I don’t think I’ve had a Memorial Day off in 30 years. We’re all here [at the office]. The design team’s here, working through Saturday, Sunday, Monday. I’ll go to the gym every morning, but I’ll be here after the gym. It’s resort.”

On his success and being recognized in public and approached by fans: "I can’t help but remember the days when Robert [Duffy, his business partner] and I were interviewed for 48 Hours [in 1988]. Robert was building a runway. I’m vomiting in the bathroom because we hadn’t slept in three days and we were delirious and hallucinating. So none of that ever goes away."

On whether he's a "great talent": "No. I still wouldn’t say I am ... I don’t mind if you say it but I’m not going to say it myself."

On winning this year's CFDA Lifetime Achievement award: "I haven’t even sat down to write the [CFDA] speech yet but I’ve been thinking a lot about it, about what does this mean to me and what does this mean to us. I just turned 48 but I don’t feel 48. I still feel like a young person but I really see the difference in the work. I’m trying to understand what all of that means and how I feel about it."

On younger designers: "People ask me about the younger designers, Alex Wang and all of them, I think they’re great. I couldn’t do what they do. It’s not what I do. But just like in pop music and in the art world, people always want new work from the artist that they like but they also want new artists. I don’t think one changes the other. There’s always room for new designers, new musicians, new artists, new writers. Madonna, I don’t think is showing any signs of slowing down, but that doesn’t mean Lady Gaga isn’t taking over the world."

On the most recent Louis Vuitton show: "I loved the Vuitton show. I think as a show it was probably my favorite presentation we’ve ever done of a collection. I really loved it ... I’ve spent the past two weeks, which is superpremature, thinking that I don’t know what we’re going to do to top that last Vuitton show. I thought it was the most beautiful presentation. I think, 'Why am I doing this to myself?' but it’s inevitable. When I get back to Paris two weeks from now, I’m just going to be like, 'What are we going to do? What are we going to do?' The answer won’t come right away."

On designers he admires: "I think the greatest contributors to fashion are women. Chanel, Vionnet. I think Vivienne Westwood; I think Miuccia Prada; Schiaparelli, Rei Kawakubo ... The one that I probably feel the most strongly about is Miuccia, because of the aesthetic and the mood. There’s something so shocking and so tender about it, and it’s also very real ... There’s an eccentricity but there’s also a chic old world sophistication, but it’s so new. It’s young but never vulgar. There’s a sex appeal that’s kind of naïve. It’s all the things I love."

On his debt to Tom Ford: "I felt that [being hired for Vuitton] was all born from Tom [Ford’s] success at Gucci. I believe Mr. Arnault was aware of that and said, 'We can do that with Vuitton.'"

On working for Bernard Arnault: "I meet with Mr. Arnault every time I’m in Paris. He’s such a hands-on sort of guy. He goes to every store in every country and he discusses things with me ... He was thrilled with the last [Vuitton] show. He felt that one and the one around the fountain were how he would like women to see Vuitton’s image as a fashion brand. He’s very up front and honest with me about what he likes and what he doesn’t like, what he thinks works and also what he thinks works in other places. Not that he’s asking me to do what someone else does, but to look at the success of certain things."

On the resources available to him at Louis Vuitton: "If you look at our first Vuitton show, we wanted to send out a nice collection of simple clothes with all the logos on the inside and one single bag on Kirsten Owen. It has evolved into, ‘OK, this is Paris. Let’s have three elevators.’ I asked for six; I got three. So we’re like, ‘Let’s get Kate Moss, Naomi [Campbell]. Let’s fly in Stella [Tennant]. Let’s fly in Carolyn [Murphy] and Amber [Valletta].’ You want a show? Okay guys, I’ll give you a show."

On critics: "You are dealing with a whole lot of highly sensitive people who [will react] depending on their mood and how they’re feeling that day or what they did or didn’t eat for lunch. I have no problem going on record with this and probably have gone on record with this before, there aren’t that many people who I respect. There just aren’t. I think journalists have the right to their opinions but I think their opinions should be based on history and what they see, not what they feel, how long they’ve been waiting or whether it’s raining or it’s snowing or whatever."

On whether traditional media matters anymore: "I’m not sure it does as much as it used to, and I’m not sure how much it ever did ... [But] I feel like it affects the energy of all of us. In fashion we all gossip about it because within our community it’s extremely important. I think it breaks momentum or a sort of energy when there’s harsh criticism, and I think when the critique is positive, we all feel quite robust and we’re out there. In that way, it has an effect. But in another, I think a woman’s going to go into a shop to find a coat or a jacket and I just don’t think she’s not going to go into a shop because of a bad review she probably didn’t even read."

On joining Twitter: "I’ve got better things to do. I don’t need to talk to like schoolteachers from New Jersey about what was valid [in a collection] and what was invalid and what was derivative and what was referencing. I mean, I’ve just got work to do. I really don’t care to argue with you."

Prada

Prada Estimated To Be Worth $15 Billion

>> Although Prada has had no comment on the matter, it's reportedly prepping for an initial public offering in Hong Kong on June 23 or 24.

>> Although Prada has had no comment on the matter, it's reportedly prepping for an initial public offering in Hong Kong on June 23 or 24. With that long-awaited event on the horizon, Intesa Sanpaolo Group, which owns 5.1 percent of Prada and is one of the banks leading the IPO (Miuccia Prada and husband and Prada CEO Patrizio Bertelli control the other 95 percent of the company), has reportedly estimated Prada to be valued at 10.7 billion euros ($15.1 billion). This follows after a record year of profits and sales in 2010 — Prada reported a 150.4 percent surge in net profits to 250.8 million euros ($331 million), and revenues for 2010 totaled 2.05 billion euros ($2.71 billion), up 31.1 percent compared with the year before. The Italian house, which said it was in debt by 408.6 million euros (approx. $575.6 million) in March, is also estimated to be debt free by 2014. [WWD, Bloomberg]

Shopping

Get That Rose Glow — Our Top Pink Picks for Summer

>> This season, the quintessential "girl" color gets a much-needed update.
Top Pink Shopping Picks for Spring and Summer 2011

>> This season, the quintessential "girl" color gets a much-needed update. Spotted on the Spring 2011 runways of everyone from Costume National to Valentino — and in every shade from barely-there pastels to super-bright magenta — pink is definitely the hue of the season. But don't expect to find the bubble gum pop and saccharine sweetness of Summers past — this season's take is unexpectedly edgy and all grown up. Look for pieces with modern, pared-down silhouettes and surprising details: accessories in unpredictable materials; dresses in clean, breezy shapes; and jewelry that walks the line between delicate and tough. Click through to shop our top picks from Cacharel, Prada, 3.1 Phillip Lim, Matthew Williamson and more in the slideshow.


Left to Right: The Row Spring 2011, Celine Fall 2011, Blumarine Spring 2011, Cacharel Spring 2011, Valentino Spring 2011, Loewe Spring 2011, Costume National Spring 2011