- Loewe Set to Open in Shanghai
- Bain Capital Takes Majority Stake in Canada Goose
- Joseph Abboud to Outfit National Basketball Coaches Assn.
PRADA’S TEAM: Days after revealing it will sponsor the Italian national sailing team at this year’s Olympic and Paralympic Games, on Wednesday Prada presented the sailors of Team Luna Rossa Challenge 2013, who will compete in the next America’s Cup. “This team brings together some of the ‘historical’ Luna Rossa team members, and a strong new group of young sailors,” said Patrizio Bertelli, Prada chief executive officer and team principal. The team made its debut at the Circolo della Vela Sicilia, the challenging yacht club, which Bertelli said “has a very long and strong history in the world of sailing.”