Miu Miu is an Italian high fashion women's clothing and accessory brand and a fully owned subsidiary of Prada. It is headed by Miuccia Prada and headquartered in Milan, Italy. Silvia Onofri is its CEO.
History
Miu Miu was established in 1992 by Miuccia Prada.[2] The name was conceived from Miuccia Prada's family nickname.[3] It was publicly launched in 1993, with a cowgirl-themed collection of fringed suede jackets and patchwork prairie skirts.[4] Starting in 1994, the brand showed its collections in the US for three seasons.[5] It first showed a womenswear collection during Paris Fashion Week in 2006.[5]
By 2005, Prada worked on distinguishing Miu Miu by setting up a separate showroom for the brand in an Art Nouveau villa that served as Prada’s first Milan headquarters, and using that same location for the men’s fall-winter show in 2006.[4]
In 2020, Miu Miu introduced Upcycled by Miu Miu, a limited collection of vintage dresses from the 1930s through the 1980s that have been tweaked and refashioned.[6][7][8][9][10] The collection continues to be a major focus for the brand today.[11]
Miu Miu’s Spring 2024 show was chosen as the 'best of the year' at the Impression Awards 2024.[12] In the 2020's, Miu Miu has experienced a renewed interest from younger customers. 2023 full year sales figures were up by 82% year-over-year.[13]
Other activities
Under an agreement made with Prada, the production and global distribution of Miu Miu's prescription frames and sunglasses have been licensed to Luxottica since 2003.[14]
Backed by a 2013 agreement, between Coty and Prada, Miu Miu launched its first fragrance in 2015, marking the first time the brand expanded outside the fashion and accessories markets.[15]
Boutiques
There are Miu Miu boutiques located on a global scale. Architect Roberto Baciocchi developed the blueprint for an early series of stores, which was first applied to the Milan store in 2006.[16] He also created the interiors for Miu Miu stores in Paris, Hong Kong, Florence, London, New York[17] and Taipei.[18]
Miu Miu opened its first independent store in China in The Mixc in Shenzhen in 2009.[19] A new North American store was launched in Houston, Texas, in The Galleria during the summer of 2011 and in Short Hills, New Jersey, in the fall of 2011. Miu Miu also opened their first Australian boutique at Chadstone Shopping Centre in Melbourne.[20] A branch opened in Glasgow
Advertising
For its advertising campaigns, Miu Miu has been working with renowned photographers including Juergen Teller (1996),[24] Glen Luchford (1996–1998),[25] John Akehurst (1998), Norbert Schoerner (1999), Mario Testino (2003), Inez and Vinoodh (2006–2007, 2014),[26][27] Bruce Weber (2011),[28] Mert Alas and Marcus Piggott (2012),[29]
Recent developments
Miu Miu has experienced remarkable growth, especially among the younger consumers, as a "youthful-leaning sister brand" of Prada. In 2024, the brand's revenues increased by 105% in the third quarter and 97% in the first nine months. Overall, Prada Group's revenues rose 10% during the same period. Miu Miu was recognized for a 93% sales increase in the first half of 2024. CEO Andrea Guerra mentioned the brand's focus on enhancing its identity and expanding retail presence to sustain this.[45]
External links
References
- Prada Group Annual Report 2023 pradagroup.com, retrieved 24 October 2024^
- PRADA GROUP A History Of Innovation, retrieved 2011-05-06^
- Constance C. R. White. Once a Private Club, Prada Opens Its Doors The New York Times, 1998-09-15, retrieved 2009-07-28