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Prada Group Reports 13% Revenue Increase in Q1 2025, Miu Miu Leads with 60% Sales Jump
Luxury fashion giant Prada Group is defying economic headwinds with a 13% revenue increase in the first quarter of 2025, reaching 1.34 billion euros. The group’s success is largely attributed to its subsidiary brand Miu Miu, which reported a whopping 60% jump in sales during the same period. This growth was driven by strong sales in leather goods and the expansion of Miu Miu’s footwear category.
While Prada Group’s sales in Europe, the Americas, and Asia all showed double-digit growth, the Middle East was the top-performing region with a 31% increase in sales. The recent acquisition of Versace, which was hit hard by the luxury slowdown, may also contribute to Prada Group’s continued success. Only time will tell if the addition of Versace to the portfolio will impact the group’s performance.
adidas Beats Forecasts with 155% Net Income Jump, Warns of Future Price Increases on US Goods
Despite reporting a 155% increase in net income in the first quarter of 2025, adidas is cautious about the uncertain trade landscape and potential price hikes on US goods. The popular sportswear brand stated, “Higher tariffs will eventually cause higher costs for all our products for the US market,” in a recent statement. With ongoing negotiations between the US and exporting countries, the final tariffs are still unknown.
adidas, known for its iconic styles like the Gazelle, Samba, Stan Smith, and Superstar, remains optimistic about its future despite potential challenges. However, countries where adidas manufactures, such as Vietnam and Cambodia, may face tariffs of over 40% if a new deal is not reached.
G-Star Raw Taps Botter Co-Founders for Debut Collection at Paris Fashion Week 2026
Popular denim brand G-Star Raw has enlisted the talents of Botter co-founders Rushemy Botter and Lisi Herrebrugh for their debut collection at Paris Fashion Week in January 2026. The Dutch designers, known for their sustainable and innovative designs, will bring their unique perspective to G-Star Raw’s upcoming collection.
Nike Faces $5 Million Lawsuit from RTFKT NFT Customers for Deceptive Marketing
Sportswear giant Nike is facing a $5 million USD lawsuit from customers of its RTFKT non-fungible token (NFT) for allegedly engaging in deceptive marketing practices. The customers claim that Nike falsely advertised the scarcity of its NFTs, leading to inflated prices and misleading consumers. This lawsuit highlights the growing popularity and potential legal issues surrounding NFTs in the fashion industry.
Palace Hints at Potential Opening of Osaka Boutique in Instagram Post
British streetwear brand Palace has teased the potential opening of a new boutique in Osaka, Japan with an Instagram post featuring a Palace Osaka Skateboard and Japanese flag emojis with the caption “Soon.” This news has fans of the brand eagerly anticipating the official announcement and the potential for a new location to shop for their favorite Palace pieces.
Designer Riccardo Tisci Named in Sexual Assault Lawsuit Filed in New York Supreme Court
A legal complaint was filed in the New York Supreme Court on Tuesday, naming designer Riccardo Tisci for allegedly sexually assaulting a man in 2024. The lawsuit adds to the ongoing conversation surrounding sexual misconduct in the fashion industry and the need for accountability and change.
Fendi Confirms Coed Spring 2026 Show in Celebration of Italian House’s Centenary
In celebration of its 100th anniversary, Fendi has confirmed another coed Spring 2026 show to be held in September. The collection will be designed by artistic director Silvia Venturini Fendi and is sure to be a must-see event for fashion enthusiasts.
Stay Up to Date on the Latest Fashion News with Hypebeast’s Weekly Roundup
For those looking to stay in the know about the latest trends and news in the fashion industry, Hypebeast has rounded up the top stories of the week. From luxury brands’ financial reports to new designer collaborations and potential store openings, this roundup has everything you need to stay informed and on-trend.
