Versace news and archive

Versace’s legacy: 47 years since the first show in Milan

On the eve of the 47th anniversary of March 28, 1978, when Gianni Versace presented his first women's collection under his own name at the Palazzo della Permanente, we reflect on the legacy of both the designer and the brand he created. Though Versace was tragically murdered in Miami on July 15, 1997, his fashion house has secured its place in...

Fashion

Donatella Versace’s departure marks a new chapter for the iconic house

The departure of Donatella Versace as the creative force behind the house that bears her family’s name marks the end of an era in luxury fashion. After decades at the helm, shaping the brand’s identity with her signature blend of sensuality and opulence, she will transition into the role of global ambassador. In her place, Dario Vitale, a rising...

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Donatella Versace to step down from creative helm, Dario Vitale named CCO

It’s the end of an era. Donatella Versace, the sister to Versace’s eponymous founder Gianni, is letting go of the creative leadership to the Italian luxury label. The designer, who has led the brand as chief creative officer since Gianni’s passing in 1997, will be stepping back into the position of chief brand ambassador from April 1, 2025. In...

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Prada edges closer to reported 1.5 billion dollar Versace deal

Milan Fashion Week ends today and with it comes new details surrounding the rumoured deal between Prada Group and Capri Holdings for the acquisition of Italian luxury brand Versace. As reported by Italian newspaper Corriere Economia, the deal is believed to have the backing of Lorenzo Bertelli, son of Prada Group owners, Miuccia Prada and...

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Versace owner Capri Holdings outlines optimistic financial goals for 2025

For 2025, Capri Holdings, owner of Versace, Jimmy Choo, and Michael Kors, projects 4.4 billion dollars in total revenue. The projection breaks down to 3 billion dollars from Michael Kors, 810 million dollars from Versace, and 600 million dollars from Jimmy Choo. In preparation for its New York City investor day, the company released optimistic...

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Gucci's former CEO Bizzarri reportedly eyes Versace

The fashion and financial worlds are on edge over rumours of a possible sale of Versace by Capri Holdings. One of the potential buyers is Marco Bizzarri, former CEO of Gucci, who recently launched his new investment company, Nessifashion. • Are Versace and Jimmy Choo up for sale? Versace, a highly sought-after fashion house According to sources...

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Prada reportedly eyeing Versace takeover

Speculation surrounding Versace’s sale is continuing to mount. It is now believed that Italian luxury giant Prada is eyeing a takeover of the brand. This is according to a report by Italian newspaper Il Sole 24 Ore, which said Prada is looking into the deal with banking firm Citi. The media outlet suggested that the Miu Miu parent was among a...

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Capri Holdings regains confidence and investors: The promising 7.9 percent rise on the stock market

Wall Street often seems dominated by cold, hard financial metrics: profit margins, revenue growth, price-to-earnings ratios, and other indicators. But those numbers don’t tell the whole story, Evan Clark says in his analysis for WWD. Investor sentiment plays an equally powerful role in stock market performance. For Capri Holdings, the parent...

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Are Versace and Jimmy Choo up for sale?

Just weeks after a proposed merger between fashion giants Tapestry and Capri Holdings was upended, it appears the latter could be doing some spring cleaning among its portfolio. Speculation has begun circulating that Capri has put both Versace and Jimmy Choo up for sale, which would leave the luxury group with just Michael Kors under its...

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Versace parent Capri Holdings records drop in revenue and profit

Capri Holdings Limited reported a revenue decrease of 16.4 percent on a reported basis and 16.4 percent in constant currency to 1.08 billion dollars. The company’s retail sales declined high-single-digits with trends being impacted by softening demand globally for fashion luxury goods. In wholesale, revenue decreased double-digits driven by...

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Tapestry x Capri merger blocked: What does this mean for the ‘accessible’ fashion market?

On Thursday, October 24, a US judge opted to block Tapestry’s attempt to buy competitor Capri Holdings, with “loss of head-to-head competition” cited as the reasoning. The case, first brought forward in a lawsuit by the Federal Trade Commission (FTC), became high profile due to its involvement of notable executives and the fact that the merger...

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Video: Versace SS25

Watch Versace’s runway show at Milan Fashion Week showcasing their SS25 collection. Promotion Read more about Versace on their brandpage