Versace news and archive

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...

ManagementFeatured

Capri Holdings posts drop in revenue and earnings

Capri Holdings Limited’s third quarter revenue decreased 6 percent on a reported basis and 0.5 percent in constant currency to 1.51 billion dollars. Gross profit was 1.01 billion dollars and gross margin was 66.5 percent compared to 1.05 billion dollars and 65.1 percent in the prior year. Adjusted gross profit was 1 billion dollars and adjusted...

ManagementFeatured

Capri Holdings posts rise in Q2 sales and earnings

Capri Holdings Limited reported second quarter revenue of 1.41 billion dollars increased 8.6 percent on a reported basis and 17.5 percent in constant currency. Net income for the quarter was 224 million dollars or 1.63 dollars per diluted share, compared to 200 million dollars or 1.30 dollars per diluted share, in the prior year. Adjusted net...

Fashion

Versace to show AW23 in Los Angeles

Italian fashion house Versace is heading to Los Angeles to showcase its autumn/winter 2023 collection in March. In a short statement, Versace said it would present both its women’s and men’s AW23 collection in the City of Angels with a combined show. “For me Hollywood is both a place and a state of mind,” said Donatella Versace. “It is about...

RetailFeatured

Versace to revitalise retail offering with new store concept

Italian fashion house Versace is introducing a new store concept and expanding its retail network, while also setting out to revitalise existing boutiques around the world. In a statement, Versace said that it would be opening a series of new flagship stores in “key global cities,” alongside a worldwide rollout of a new boutique concept designed...

BusinessFeatured

Brands take to Milan with a younger consumer focus and a mission to democratise fashion

Against the backdrop of Italy's tense general election, Milan Fashion Week took place boasting a packed schedule of big name designers that took to the runways in dramatic flair, likely in an attempt to alleviate the strained disposition throughout the country and worldwide. Among the shows and presentations, a number of high-fashion brands...

Business

Versace is the latest luxury brand to increase prices

Consumers are somewhat used to seeing price increases at luxury brands like Chanel, Rolex, Cartier, Bottega Veneta and Louis Vuitton over the past three years, where items like handbags and shoes are seeing new elevated costings. These price increases, however, are nudging other companies to do the same. Versace is one such brand. At Goldman...

CultureFeatured

New Richard Avedon retrospective to showcase early Versace partnership

An exhibition celebrating the work of photographer Richard Avedon will debut in Milan during fashion week in September. Housed at the Palazzo Reale in Milan, the exhibition will feature over 100 of Avedon’s iconic photographs and works. Spanning a career of over sixty years, the retrospective will show images on loan from the collection of the...