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The manufacturers of designer bags talk about the dark side of luxury: “Gucci, Prada, Fendi... a 1200 euro model is paid 25 to us. When it's good, we earn enough to survive.”

Summary by Il Fatto Quotidiano
“In recent years, a huge mistake has been made about pricing. He was wrong to increase them so much just because it was easy.” A couple of months have passed since the 'mea culpa' by Andrea Guerra, CEO of Prada group, revealed to the world that the king is naked. In other words, fashion is in crisis. Not so much the brands, which in the end know how to bring them back, but rather its entire productive fabric, that is, those 60 thousand companies…

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Il Fatto Quotidiano broke the news in Rome, Italy on Tuesday, February 11, 2025.
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