Capri Holdings, the parent company of renowned fashion brands such as Michael Kors and Versace, is set to make a strategic shift in its business approach. Following the sale of Versace to Prada, Capri Holdings is now focusing on revitalizing Michael Kors by targeting mid-tier pricing and embracing e-commerce through a partnership with Amazon. This […]
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 […]
Estée Lauder Faces US Legal Challenge Over China Sales Practices
Estée Lauder Faces US Legal Challenge Over China Sales Practices Estée Lauder, a renowned name in the beauty and skincare industry, is currently grappling with a legal challenge in the United States over its sales practices in China. The company, known for its high-quality products and global presence, has come under scrutiny following a government […]
Hand Creams and Sanitisers Became a Beauty Status Symbol
Hand Creams and Sanitisers Became a Beauty Status Symbol In the world of beauty and self-care, hand creams and sanitisers have emerged as unexpected yet essential items, transforming from mere functional products to coveted beauty status symbols. The recent explosion in the hand care category’s popularity not only highlights the shifting consumer preferences but also […]
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 […]
The BoF Podcast | Demna Takes Gucci, Versace’s New Chapter Begins
The BoF Podcast | Demna Takes Gucci, Versace’s New Chapter Begins As the fashion world continues to witness seismic shifts, the recent announcements of Demna Gvasalia’s appointment as the new artistic director of Gucci and Dario Vitale taking the creative reins from Donatella Versace at Versace mark the beginning of a new era for these […]
The Agency Behind Fashion’s Most Talked-About Events
The Agency Behind Fashion’s Most Talked-About Events When it comes to creating buzzworthy and unforgettable events in the fashion world, one name stands out above the rest – CNC Agency. Renowned for its innovative approach and attention to detail, CNC Agency has solidified its position as the go-to partner for in-person activations that leave a […]
Saks Needs to Earn Back Brands’ Trust
Saks Needs to Earn Back Brands’ Trust Relations between the owner of Saks, Neiman Marcus, and Bergdorf Goodman and its vendors are at an all-time low. But both sides need each other more than they’d like to admit. The world of luxury retail is built on relationships as much as it is on the products […]
Drest’s Lucy Yeomans on the Next Iteration of Fashion Gaming
Drest’s Lucy Yeomans on the Next Iteration of Fashion Gaming Fashion gaming has taken a new turn with Drest, the fashion styling mobile app that recently received a significant $19.1 million investment in June 2023. This infusion of capital has paved the way for Drest to relaunch as a groundbreaking marketing tool that leverages storytelling […]