History of fashion design second biggest-selling fashion brand (after LVMH) worldwide with US$7 billion worldwide of revenue in 2006 according to BusinessWeek magazine. In the 1990s the designer label Prada became a true creative force in the fashion industry. The Milanese company was first established in 1923, two years after Gucci, and like Gucci, it was a firm that sold high-quality shoes and leather. It was until the 1980s that Miuccia Prada, the niece of the company's founder, began to produce ready-to-wear fashion, gaining fame for her subtle, streamlined, yet unquestionably luxurious style, that catered for the privileged young woman who prefers understatement to
Italian fashion Miu (founded and directed by Miuccia Prada), Philosophy (directed by Lorenzo Serafini), Emilio Pucci, Simonetta Ravizza, Mila Schon and Twin-set by Simona Barbieri whilst the most important luxury houses which focus only on menswear and accessories for men are Brioni, Canali, Caruso, Corneliani, Lardini, MP Massimo Piombo, Stefano Ricci, Ermenegildo Zegna (directed by Alessandro Sartori) and Pal Zileri (created by Rocco Iannone). A few Italian designers head some important fashion brands outside Italy. Riccardo Tisci had been working for French luxury house Givenchy for twelve years until 2017 and in 2018 was named new Burberry creative director, Maria Grazia Chiuri