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

    26 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...
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  • Donatella says no Italian companies were interested in buying Versace

    Donatella says no Italian companies were interested in buying Versace

    26 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 biying Versace", the fashion designer told the newspaper. “Versace has been approached by many people last year:
    French, American... But no Italians. It's...
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