MILAN, Italy — New York private-equity fund Blackstone Group has reportedly taken a 20 percent stake in Gianni Versace SpA, after a drawn-out bidding process that also included Investcorp and CCMP.
MILAN, Italy — Versace is vetting offers from investors interested in buying a minority stake in the Italian fashion house to support its growth plans, designer Donatella Versace said in an interview published on Sunday.
MILAN, Italy — Gianni Versace SpA, the Italian luxury-goods maker weighing options to pay for growth, said it plans to sell a minority stake privately before selling shares to the public in three to five years.
MILAN, Italy — Gianni Versace SpA, an Italian maker of $2,795 dresses, said it may reach a 500 million-euro ($640 million) revenue goal a year early as it weighs up options that may include an initial public offering.
MILAN, Italy — The tone was immediately set for an emotional Milan Fashion Week when Jil Sander announced that this would be Raf Simons’ last season as its creative director. Mr Simons made way for the return of Jil Sander herself to the label she has left twice before. Thus, Mr Simons’ swan song was all the more poignant, a tour-de-force collection tinged with emotion, that made this the singular defining moment of the
NEW YORK, United States — In recent years, the main fashion weeks in New York, London, Milan and Paris have attracted unprecedented interest from end consumers, with brands live streaming their shows and bloggers reporting from the runway in realtime on their sites and social channels like Twitter and Instagram. But in most cases, the actual clothes showcased during fashion week aren’t available to consumers until many months after
Riccardo Tisci By Donatella Versace (Interview) “Like any competitive industry, fashion understands the market need for a constant infusion of fresh blood and untapped talent. But among the crop of sartorial prodigies to have emerged in recent years, none has ascended from young upstart to master of the universe as rapidly as 36-year-old Italian designer Riccardo Tisci.” Social Media: The Second Generation (WWD)
Donatella Versace is teaching a new generation how to thrive (Independent) “Once a party animal, now the head of a fashion empire, Donatella Versace has lived through both good times and bad. Now she’s teaching a new generation of designers how to thrive.” Betsey Johnson Faces a Makeover (WSJ) “Steven Madden could likely help the $200 million Betsey Johnson label expand, allowing it ‘to put money into
Gap Profit Up 40 per cent As Old Navy Drives Sales (WSJ) “Gap Inc. (GPS) reported a 40% increase in profits for the first quarter, as sales were boosted by strong performance at the company’s budget brand, Old Navy. Sales at that division rose 6.8% to $1.3 billion, accounting for nearly 40% of Gap Inc.’s total.” Versace and Kane: An Odd Mix That Works (NYT) “They are an odd couple, Mr. Kane and Ms.
Giles Deacon to quadruple sales (Drapers) Giles Deacon has announced a business partnership with Castor Srl which will help him to achieve the business aspirations he first mentioned to us in our Inside the Studio video series in February. (Watch video here) EBay May Sell More Luxury Goods Under Draft EU Rules (Bloomberg) "EBay Inc.'s traders may have fewer restrictions on selling luxury goods under European Union regulators' plans to break down barriers to Internet sales." April clothing sales strongest since 2006 (Drapers) "Retail like-for-like sales rose 4.6% in April, with clothing showing the strongest growth since late 2006, according to the British Retail Consortium (BRC)." Barneys aiming to close 2 stores (Reuters) "As the impact of the global recession…