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Thursday, June 23, 2011

Prada Is Making Fashion in China

"Sooner or later, it will happen to everyone because [Chinese manufacturing] is so good," Prada designer Miuccia Prada said in an interview. She added that the Chinese are particularly good with shoes.
European luxury fashion labels such as Prada, Gucci and Louis Vuitton have built their reputations on goods crafted at home in France and Italy. Manufacturing skills there in part justify the high prices.
The temptation to move some production abroad is growing, however. The financial crisis put pressure on the industry's operating margins. British label Burberry PLC, for instance, came under fire for closing a factory at home and moving production to Asia.

Read more: http://online.wsj.com/article/SB10001424052702304231204576403680967866692.html

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