Versace news and archive

These are the most frequently misspelled fashion brands

Fjällräven, Givenchy and Hermes have one thing in common - they are brand names that are neither easy to pronounce nor to write. The latter can be a hindrance when searching for a specific fashion brand online. The digital wholesale platform Joor wanted to find out more and investigated the 15 most frequently misspelled names of fashion brands...

ManagementFeatured

Capri Holdings reports decline in second quarter revenue

Capri Holdings Limited, a US luxury fashion group that owns the Michael Kors, Versace and Jimmy Choo brands, fell short of its own expectations in the second quarter of the current financial year, ended 30 September. Total sales came in at 1.29 billion US dollars, falling by 8.6 percent compared to the previous year. On a constant currency...

Business

Tapestry cuts revenue forecast

Tapestry, the group that owns the portfolios of Coach, Kate Spade, and Stuart Weitzman, issued a revision to its annual sales projection on Thursday, with analysts citing a downturn in demand for its handbags and footwear across the United States. While Tapestry reported a 6 percent uptick in first-quarter revenue on a comparable basis to 2022,...

Fashion

Versace deletes Instagram, hints at new social media strategy

Versace has deleted all the posts from its Instagram account. The luxury fashion house, which has 29 million followers, has wiped its social media slate clean, suggesting an announcement or change may be imminent. Earlier this month Versace was sold as part of Tapestry’s acquisition of parent company Capri Holdings in a multi-billion dollar...

ManagementFeatured

Capri Holdings posts decline in Q1 revenues

Capri Holdings Limited, the parent of luxury labels Michael Kors, Versace, and Jimmy Choo, has reported a 9.6 percent drop in first-quarter revenue to 1.23 billion dollars. The financial update comes the same day it was revealed that luxury group Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, is to acquire Capri in a...

ManagementFeatured

Coach owner Tapestry to acquire Michael Kors parent Capri Holdings in 8.5 billion dollar deal

Luxury fashion group Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, has reached a definitive agreement to acquire competitor Capri Holdings Limited. Under the terms of the transaction, Capri Holdings shareholders will receive 57 dollars per share, valuing the deal at approximately 8.5 billion dollars, the companies...

Fashion Featured

Capri Holdings announces partnership to support regenerative agriculture in US

Capri Holdings has teamed up with the National Fish and Wildlife Foundation (NFWF) to support and accelerate the adoption of regenerative agriculture practices in the US. The luxury fashion group, which owns brands Versace, Michael Kors, and Jimmy Choo, said the three-year partnership aims to improve 150,000 acres of US grasslands “to drive a...

ManagementFeatured

Capri Holdings Q4 revenue down 10.5 percent, swings to loss

Michael Kors parent company Capri Holdings has reported a double-digit drop in revenue in the fourth quarter as it swung to a loss. The US fashion group generated revenue of 1.34 billion dollars in the three months to April 1 compared to revenue of 1.49 billion dollars a year earlier. However, the decrease amounted to a less significant 3...

Fashion |In Pictures Featured

Versace unveils collaboration with Dua Lipa in Cannes

Italian fashion house Versace took over Cannes to present its cruise 2023 collection co-designed with singer Dua Lipa featuring heritage butterfly prints, pastel hues and house codes from the ‘90s. The high summer collection entitled ‘La Vacanza’ showcased Donatella Versace’s and Dua Lipa’s shared vision of an elegant Italian vacation,...

Fashion Featured

Dua Lipa and Donatella Versace co-design collection debuting in Cannes

Riding on the success of fashion-celebrity collaborations, Donatella Versace is stepping up the game revealing that she has co-created a collection with Grammy-award winning star Dua Lipa. Dubbed ‘La Vacanza’, the womenswear collection will debut on May 23 during a show in Cannes, France, and will be immediately available for purchase both...

Report

Capri Holdings appoints Bacardi CEO to its board of directors

Capri Holdings Limited has appointed Mahesh Madhavan to the company’s board of directors effective March 30, 2023. Madhavan, the company said in a statement, will join the compensation and talent committee as well as the governance, nominating and corporate social responsibility committee. As of the date of Madhavan’s appointment, the Capri...

Schools

CFDA and Versace to launch LGBTQ+ scholarship

The Council of Fashion Designers of America (CFDA) is launching a new programme focused on LGBTQ+ youth and education with Italian fashion house Versace. The initiative will launch with a Master Class event featuring Donatella Versace in a “fireside chat” with the Los Angeles LGBT Center’s chief marketing and communications officer Phillip...