Prada has acquired Versace for $1.38 billion, expanding its portfolio and aiming to compete with other luxury giants, after Versace's sales slowed and its sale was at a significant discount, with proceeds helping Capri Holdings reduce debt.
Prada has completed its acquisition of rival luxury fashion brand Versace for $1.4 billion, marking a significant consolidation in the high-end fashion industry.
Prada has acquired Versace in a $1.375 billion deal, aiming to revitalize the iconic brand by leveraging Prada's minimalist aesthetic and Versace's bold style, with plans for a creative relaunch and integration into Prada's manufacturing system.
Prada Group has acquired fashion rival Versace for nearly $1.4 billion, aiming to relaunch Versace's fortunes and integrate it into Prada's manufacturing system, with Lorenzo Bertelli overseeing the brand's next phase.
Prada Group has acquired fashion rival Versace in a $1.375 billion cash deal, aiming to relaunch Versace's fortunes and integrate it into Prada's manufacturing system, with plans for growth and creative renewal under new leadership.
Bianca Censori made a striking fashion statement in Melbourne with daring, sheer outfits and luxury accessories, sparking widespread attention and discussions on boldness and boundaries in celebrity style.
Matthieu Blazy's debut as Chanel's creative director was a groundbreaking show that redefined the brand by exploring its roots and expanding its global, universal appeal, blending tradition with modernity and making significant contributions to 21st-century fashion.
Fashion critic Cathy Horyn reviews Dario Vitale's debut at Versace during Milan Fashion Week, noting a shift towards more personal and relatable designs that blend ordinary streetwear with luxury, signaling a fresh direction for the brand under new ownership and creative leadership.
Lauren Sánchez-Bezos and Jeff Bezos showcased their contrasting fashion styles during their summer yacht trip, with Lauren opting for vibrant, glamorous dresses and Jeff sticking to casual, classic attire, highlighting their individual fashion preferences amid their luxurious lifestyle.
Italian fashion icon Giorgio Armani has died at age 91, leaving a legacy of timeless design and Hollywood influence, and maintaining his independence in the luxury industry as a sole shareholder of his company.
Paris Haute Couture Week from July 7-10 showcases exquisite hand-crafted designs from top maisons like Schiaparelli, Giorgio Armani, and Chanel, with notable debuts including Demna's farewell at Balenciaga and Glenn Martens' debut at Maison Margiela, highlighting unparalleled creativity and artisanal skills amid a record heatwave.
Jeff Bezos and Lauren Sanchez held a highly private yet star-studded wedding on San Giorgio Maggiore island in Venice, featuring custom Dolce & Gabbana gowns for Sanchez, celebrity guests, and performances by Matteo Bocelli and Lady Gaga, amid protests over the city's commercialization.
Lauren Sanchez's wedding gown, designed by Dolce & Gabbana, was revealed after much secrecy, featuring a high-necked silk chiffon design inspired by Sophia Loren, with a traditional veil, reflecting her evolving personal style and love for Italian luxury fashion.
Giorgio Armani, the legendary 90-year-old designer, will miss his Milan Fashion Week shows for the first time due to health reasons, but plans to follow remotely and attend upcoming Paris shows, as he recovers at home after a brief hospital stay.
Jonathan Anderson has been announced as the new creative director of Dior, overseeing womenswear, menswear, and haute couture, bringing a fresh, modern vision to the iconic house amid industry changes and leadership shifts.