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After nearly four years of guiding the iconic Italian luxury fashion house, Versace’s CEO, Emmanuel Gintzburger, has decided to step down from his role. A Leadership Transition at Versace Gintzburger took the reins at Versace in September 2022, following his…
The Prada Group, a leading player in the world of luxury goods, has appointed Pieter Mulier to the position of Chief Creative Officer for Versace. This new appointment is set to come into effect from July 1 onwards. Mulier’s impressive portfolio includes…
Dario Vitale, the creative director of Italian fashion giant Versace, is set to depart from his role after a brief tenure, the fashion label announced on Thursday. Departure Announcement Acknowledging Vitale’s contribution, Versace expressed their gratitude…
Prada’s deal to buy Versace revives hopes for a ‘made in Italy’ luxury champion after many other family-founded brands ended up in French, Swiss or US hands, and comes as many Italian groups are outperforming the struggling sector. The US$1.375 billion deal…
Versace announced the re-opening of its boutique in Macau. Situated in the upscale Shoppes at Four Seasons, the store is located at the city’s premier luxury destination. Inspired by Medusa’s hypnotic gaze, the boutique has been renovated following a new…
Italian luxury fashion brand Versace opened a store on e-commerce site Lotte Premium Mall in South Korea on Monday. Lotte Department Store says the store is a collaboration with the official importer Versace Korea and the online mall. Forty lines of Versace…
Italian luxury label Versace and its artistic director Donatella Versace apologized on Sunday after one of the company’s T-shirts was widely criticized on social media in China for identifying Hong Kong is a country. Versace, which was bought by US-based…
At headline level, the latest Capri results looks to have been a good quarter for the fashion retail owner, with revenues up by a solid 11.9 percent. However, the results are far from spectacular. The uplift in revenue is all a function of the inclusion of…
Versace China’s new flagship has opened in Beijing as part of a concerted plan by the fashion label’s new owners to expand its footprint globally. Launching in Beijing’s China World Mall to bring its store network to 53 outlets, the more than 4300sqft…
More stores, broader range, fewer brands as fashion icon tries to double sales. Versace will open its largest store yet in China this week, part of a concerted plan by the fashion label’s new owners to expand its footprint globally. Capri Holdings, which also…
With the completion of its acquisition of Versace, global fashion group Michael Kors Holding has successfully transitioned into its new identity as Capri Holdings Limited. The group, which now owns Michael Kors, Jimmy Choo and Versace, hopes to leverage its…
It has only been a month since Versace announced it was to be sold to Michael Kors’ parent company Capri Holdings for a reported sum of 2.12 billion dollars. As an early indicator of change, and perhaps cost-saving measures under its new structuring, Versace…
Among the investors who snapped up shares in luxury e-commerce marketplace Farfetch after its September IPO was one buyer with little interest in operating profits or projected revenue. People for the Ethical Treatment of Animals pounced on shares in the…
Michael Kors Holdings LTD confirmed earlier reports that it would buy all outstanding shares from Versace for around $2.1 billion. It also announced the group will officially be called Capri Holdings Limited, named after the island of Capri, which the company…
In 1997, Gianni Versace was murdered on the steps of his Miami Beach home. His grief-stricken sister, Donatella, suddenly found herself in charge of the family company. Twenty years later, she has chosen to take this anniversary and make it extraordinary,…
It is no secret that retailers, distributors and manufacturers need to find new ways to meet consumers’ changing expectations in the luxury and fashion markets. These changes in consumer behavior led Paolo Marai, president and CEO of the Timex Group Luxury…
