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Versace sale turns up heat on fashion's independent outliers
22 days ago - By Reuters
Michael Kors' swoop on Versace leaves a shrinking universe of fashion brands determined to go it alone and fend off luxury empire builders, raising the pressure on those struggling financially to lift sales or sell out.
Read more ...Michael Kors buying Versace in deal worth more than $2B
22 days ago - By Review Journal
Michael Kors is buying the Italian fashion house Versace in a deal worth more than $2 billion , continuing its hard charge into the world of high-end fashion.
Read more ...Michael Kors is likely buying Versace for one key reason
22 days ago - By Business Insider
The Italian fashion house Versace is being acquired by American conglomerate Michael Kors, which will change its name to Capri Holdings.
Capri has already laid out its plan to turn Versace into a more accessories-focused brand comfortable with selling online.
That would mimic the roadmap of fellow Italian luxury brand Gucci, which has gained popularity among teens in recent years.
Versace is poised to capture more of that market, as the demographic it appeals to already skews young, according to SimilarWeb.
Versace is going through some changes.
The Italian fashion house is being acquired...
Read more ...
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