• Donatella Versace Reveals That Versace Will Stay as a Luxury Brand Following Takeover

    21 days ago - By Hypebeast

    After officially announcing that Versace had been sold to Michael Kors - which will be renamed Capri Holdings Ltd. - Donatella Versace and Kors CEO John Idol discussed the move in a conference call. In the call, Donatella explained that her and Idol "share the same vision, the same passion; John loves luxury, and he really cares about keeping Versace a luxury brand."
    Idol also revealed that Versace would stay as a luxury label, adding that it is "going the opposite direction" from the Michael Kors brand. He continued: "there will be no additional licenses, nothing like that. We're going to...
    Read more ...

     

  • Donatella says no Italian companies were interested in buying Versace

    Donatella says no Italian companies were interested in buying Versace

    22 days ago - By Fashion United

    After announcing the sale of Versace to Michael Kors Holdings Limited,
    Donatella Versace was inquired by Italian newspaper Corriere della Sera about the decision to sell the company to an American business, rather than a fellow Italian one. Matteo Salvini, Italy's Deputy Prime Minister, reacted to the news by saying he's “fed up” of seeing prominent Italian brands being acquired by international companies. "No Italians were interested in buying Versace", the fashion designer told the newspaper. “Versace has been approached by many people last year:
    French, American... But no Italians. It's...
    Read more ...

     

  • Five things to know about Michael Kors

    Five things to know about Michael Kors

    22 days ago - By Fashion United

    Global fashion giant Michael Kors announced
    Tuesday that it had agreed to buy Versace, signaling an intention to move deeper into the international big league after snapping up shoemaker Jimmy
    Choo last year.
    The company, rooted in iconic American fashion, but headquartered in
    London, will pay 2.1 billion USD for the Italian luxury giant, a statement said.
    Here are five things to know about Michael Kors:
    Mr Kors
    The creative vision is Michael Kors, the Long Island born creative director who founded the label in 1981 after dropping out of fashion school.
    He has flirted with billionaire...
    Read more ...