Capri’s Versace Blunders Opened Door to Prada Takeover In a surprising turn of events, the US group Capri faced a major setback with its acquisition of Versace, leading to a staggering loss of approximately $700 million. The downfall of Versace under Capri’s ownership can be attributed to a strategic shift towards more subdued designs and […]
Prada Nears Approval of Versace Deal Despite Tariffs
Prada Nears Approval of Versace Deal Despite Tariffs The luxury fashion industry is abuzz with anticipation as Prada SpA edges closer to securing the acquisition of Versace from Capri Holdings Ltd. in a deal worth €1.25 billion ($1.4 billion). Despite the looming threat of tariffs and economic uncertainties, Prada is forging ahead, showcasing resilience and […]
Report: Prada to Decide on Versace Deal This Week
Report: Prada to Decide on Versace Deal This Week Luxury fashion giants Prada and Versace are making headlines this week as reports suggest a potential takeover deal in the works. Speculations are rife that Prada is gearing up to acquire Versace in a deal that could be announced as early as Thursday. The deal, which […]
Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal
Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal In the fast-paced world of high-end fashion mergers and acquisitions, the latest buzz surrounds the €2.5 billion financing deal led by Goldman Sachs for the Prada-Versace acquisition. This significant financial maneuver has caught the attention of industry insiders and financial analysts alike, with €1.5 billion […]
Explainer: How Trump’s Tariffs Threaten Luxury Fashion
Explainer: How Trump’s Tariffs Threaten Luxury Fashion The recent shifts in US trade policy under the Trump administration have sent shockwaves through various industries, and luxury fashion is no exception. While it may seem like increased tariffs won’t significantly impact retail prices immediately, the ripple effects on the global economy and consumer sentiment could pose […]
Why Gap Is Going Premium
Why Gap Is Going Premium Gap, the iconic American retail brand known for its classic casual wear, is taking a bold step into the world of premium fashion with its new GapStudio line. This strategic move comes as the brand aims to reinvent itself and cater to a more discerning and fashion-forward audience. Spearheaded by […]
Zegna Group Profits Decline 30 Percent
Zegna Group Profits Decline 30 Percent Luxury fashion house Ermenegildo Zegna Group recently released its financial report for 2024, revealing a 31 percent decline in profits to €91 million ($98 million). This significant decrease in earnings has been attributed to various factors, including a notable slowdown in the Chinese market and a weaker wholesale performance, […]
Francesca Amfitheatrof Exits Louis Vuitton
Francesca Amfitheatrof Exits Louis Vuitton Francesca Amfitheatrof, the artistic director for watches and jewelry at Louis Vuitton, is bidding adieu to the luxury brand after a successful seven-year tenure. Her departure marks the end of an era characterized by innovative designs and groundbreaking creations that have left an indelible mark on the fashion industry. During […]
Hermès Taps BNP Paribas CEO, Former Spy for Luxury Group’s Board
Hermès Taps BNP Paribas CEO, Former Spy, and Dairy Industry Leader for Luxury Group’s Board In a surprising move that has caught the attention of the business world, luxury brand Hermès has nominated a diverse slate of candidates to join its board of directors. Among the notable nominees are Jean-Laurent Bonnafé, the CEO of BNP […]
Why Aren’t Luxury Brands Signing India’s Cricketers?
Why Luxury Brands Hesitate to Sign India’s Cricketers In the world of sports, few athletes hold as much influence over their fans as cricketers in India. With a massive fan following and a revered status in the country, these sportsmen have the potential to be powerful marketing vehicles for global luxury fashion brands. However, despite […]