Michael Kors has agreed to buy Versace in a deal valuing the revered designer at $2 billion.
MILAN: Italian fashion giant Versace is about to be sold, the country's biggest-selling newspaper said on Monday, citing anonymous sources who suggested the deal could come in the next few hours. Donatella Versace, the brand's artistic director and vice-president of the group, has called a staff meeting in Milan for Tuesday, according to the Corriere della Sera newspaper. Celebrity shoemaker Jimmy Choo, luxury jeweller Tiffany & Co and US fashion group Michael Kors Holdings were listed as possible buyers. The…
Aston Martin has unveiled the complete design of the exclusive, strictly-limited edition luxury submersible called Project Neptune, the production of which will commence later this year.
Bill Cosby, used to the high life as one of America’s biggest stars, will likely see his entourage of aides replaced by an inmate paid pennies to help the legally blind comedian navigate life behind bars after he is sentenced for sexual assault. Cosby, 80, faces up to 30 years in prison when he is sentenced in the next three months for drugging and raping Andrea Constand, 45, in 2004 at his sprawling compound outside Philadelphia. He is appealing the verdict, which could potentially delay his imprisonment for months or…
PARIS: France's Chanel has no immediate plans for online sales of its coveted outfits or handbags, a senior executive said on Friday, making it one of the fashion world’s last hold-outs as rivals experiment with websites to win over new clients. The label, known for its tweed suits and $4,300-plus quilted leather bags, already sells perfumes online, like its Chanel No 5, as well as eyeglasses and beauty products. But it will draw the line there for the foreseeable future, said Bruno Pavlovsky, president of fashion at…
SAN FRANCISCO: Seducing hyper-connected "Millennials" poses an increasing challenge for luxury brands, which find their markets slowing as young, skeptical consumers force them to rethink strategies.