Versace Owner Capri Jumps on Prada Moving Closer to Purchase Capri Holdings Ltd., the renowned luxury fashion company, is making waves in the industry once again. Recent reports have surfaced indicating that Capri is on the brink of finalizing a deal to sell its iconic Italian brand, Versace, to none other than Prada. This potential […]
The Mystery Mogul Behind Off-White
Unveiling the Enigmatic Force Fueling Off-White’s Success The world of luxury streetwear has been revolutionized by the enigmatic figure behind Off-White, Davide De Giglio. As the quiet mastermind steering the ship of the opaque Milanese holding company New Guards Group, De Giglio has orchestrated the meteoric rise of not only Off-White but also other highly […]
St. John Knits Shakes Up Leadership
St. John Knits Shakes Up Leadership St. John Knits, the renowned luxury fashion brand, is undergoing a significant leadership shakeup. This change comes on the heels of the promotion of chief executive Andy Lew to the prestigious position of executive president of the parent company, Lanvin Group. In response to this transition, St. John Knits […]
Report: Prada Evaluates Possible Versace Bid
Report: Prada Considers Acquisition of Versace Amid Financial Evaluation Italian luxury fashion house Prada is making strategic moves in the competitive fashion industry by exploring the possibility of acquiring Versace, a renowned Italian brand currently under the ownership of Capri Holdings Ltd. This decision comes in the wake of Versace experiencing a downturn in its […]
Chief Product Officers Are Fashion’s New Power Players
Chief Product Officers Are Fashion’s New Power Players In the ever-changing landscape of the fashion industry, a new breed of executives is emerging as the driving force behind innovation and success – Chief Product Officers (CPOs). Brands like Burberry, Michael Kors, and Under Armour are increasingly turning to these product chiefs to steer them through […]
Hermès Responds to ‘Walmart Birkin’, Dupe Culture
Hermès Responds to ‘Walmart Birkin’, Dupe Culture The luxury fashion industry has long battled the issue of counterfeits and knock-offs, with high-end brands like Hermès often finding themselves at the forefront of this challenge. Recently, the iconic French fashion house faced a new wave of controversy with the emergence of the so-called ‘Walmart Birkin’, a […]
How Brunello Cucinelli Got Into the Wine Business
From Fashion to Fine Wine: Brunello Cucinelli’s Bold Venture Renowned Italian fashion designer Brunello Cucinelli has made a name for himself in the world of luxury clothing, but now he is venturing into a new realm – the wine business. With a bold move that has raised eyebrows in both the fashion and wine industries, […]
Bluestar Alliance Acquires Palm Angels
Bluestar Alliance Acquires Palm Angels: Expanding Its Footprint in Luxury Streetwear Bluestar Alliance, a renowned brand-management firm, continues to make waves in the fashion industry with its recent acquisition of the Milan-based luxury streetwear label, Palm Angels. This strategic move comes hot on the heels of Bluestar Alliance’s purchase of Off-White last year, solidifying its […]
Gucci Sales Slump as Kering Seeks New Designer
Gucci Sales Slump as Kering Seeks New Designer Gucci, the epitome of luxury and style, has hit a bump in the road as its fourth-quarter sales took a significant dip of 24 percent. This unexpected decline has set off alarm bells not only within the iconic Italian brand but also for its parent company, Kering. […]
The Problems with Gucci and Dior
The Challenges Ahead for Gucci and Dior After experiencing a remarkable surge in sales over the past five years, luxury powerhouses LVMH’s Dior and Kering’s Gucci are now encountering significant challenges. Despite their contrasting situations, both brands are navigating through turbulent waters in the ever-competitive fashion industry. Gucci, under the umbrella of Kering, has been […]