As someone pointed out in this thread earlier, the demise of Prada the brand is like losing a friend.
You see, we all fell in love with Prada because, ultimately, the clothes were an intimate insight into one woman's mind. Even in menswear, you wore her ideas and her ideals of beauty. Prada was a strange, unprecedented mixture of the bourgeoise, the intellectual, the frivol, and the fashion-forward. And then, of course, there was the development of materials that added to the complexity to each piece.
And I'm really sad that this kind of Prada is dead. To me, a European customer who wants a sophisticated, yet exciting wardrobe, Prada simply doesn't offer anything anymore, sans a few basic pieces (which are still perfect, however.)
In all honesty, I don't know what happened a few years ago. First, I think we should admit that Pavesi was ultimately the creative brain of the brand, bringing Miuccia's ideas to reality.
Second, let's face it, Miuccia and Bertelli love money. By the late 2000s, Prada was already a huge corporation, and they wanted to grow even more, so the diluted the brand's DNA to create more logoed products for the 500+ stores worldwide, including every provincial city in China. That was a mistake. If they had stayed smaller, more exclusive, focused on the mature customer, Prada would retain their customer base and would now reemerge as one of the most relevant brands while having a decade of authenticity behind them.
Third, S/S 2011 happened. Since then, almost all collections were a desperate attempt to emulate the huge media and commercial success. But S/S 2011 happened in a very defined time, right in the middle of a worldwide crisis, and it was the relief the world needed back then. I still think the F/W 2019 Frankenstein collection is the worst one she has ever produced, comparable maybe only to F/W 2018. But let's face it: Gucci et al. have that Prada banana collection on every mood board. Arguably, no other collection in recent history was such a trailblazing success. Even Metro, a free newspaper here in Central Europe, dedicated an article to the platform brogues back then.
Put it all together, bring in GenZ, Instagram, and Jeff Goldblum in the Fire-Island-short shorts, and S/S 2021 is just the disaster we all should have expected.
The question now is: What brands can substitute Prada's place? I am asking out of practicality because as a man who loves fashion and dressing up, there aren't many exciting things happening on my radar at the moment.