Mark Gilbert , Columnist

The Gen Z Devil Wears Prada

Plus, the Fed’s new buzzword and Europe’s gas confidence.

November 4, 2022 at 4:12 PM UTC

Mark Gilbert is a Bloomberg Opinion columnist covering asset management. A former London bureau chief for Bloomberg News, he is author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”

Back in fashion.
Photographer: Jason Alden/Bloomberg

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The 2006 film The Devil Wears Prada featured more than $1 million of clothing, most of it borrowed and much of it crafted by the Italian fashion house that featured in the title. In recent years, though, Prada SpA has been eclipsed by Kering SA’s Gucci. But Prada is roaring back into fashion. “The Italian luxury group seems to finally be turning its fortunes around, thanks in part to its popularity with Gen Z,” write Andrea Felsted and Rachel Sanderson.