Close Menu
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

The world should not ignore Pakistan’s terrorist trail to Pahargam from 9/11: Korea’s Abhishek Banerjee

Indian politics highlights | NDA has become synonymous with progress, welfare: Amit Shah

Furry Macron dressed down minister after leaking Muslim Brotherhood report – Politics

Facebook X (Twitter) Instagram
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest Vimeo
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World
Karachi Chronicle
You are at:Home » Sources say Versace is for sale and Donatella Versace may be looking to exit
Fashion

Sources say Versace is for sale and Donatella Versace may be looking to exit

Adnan MaharBy Adnan MaharDecember 26, 2024No Comments2 Mins Read1 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email


Next step for Donatella?: Could another major designer change shake up the luxury fashion industry in 2025?

Capri Holdings is said to be working with Barclays on the sale of Versace and Jimmy Choo as it focuses on rebuilding Michael Kors, according to reports, sparking further speculation in and around Milan. The contract with Donatella Versace, the Italian brand’s chief creative officer, expires in February, sources said. There has been speculation as to whether she, or Capri, will renew.

When asked for a response, Versace said it does not comment on rumors.

Donatella Versace reached a $2.1 billion deal in 2018 to sell her family’s company to the then-Michael Kors Holdings, which later changed its name to Capri Holdings. She has been at the helm of the brand since her brother Gianni was murdered in 1997. In addition to her work as a designer, Versace has achieved some of the highest popularity on social media and is widely known for her philanthropy and advocacy. About her efforts to uphold the rights of marginalized people and the LGBTQIA+ community. She also helped promote the work of younger designers like Christopher Kane, with whom she designed Versus for many years.

Capri is weighing its options for both Versace and Jimmy Choo, and possibly Michael Kors, after its $8.5 billion acquisition plan by Tapestry was scrapped following antitrust allegations from the U.S. government. It is widely seen as

Versace’s first-half sales fell 22.1% to $420 million, but Capri chairman and chief executive John Idle recently said that the company’s sales “attracted both new and loyal consumers.” The brand could bounce back by revitalizing the company, expanding its product lineup, improving store productivity and restoring customer profitability. Grow your wholesale business. ”

“We believe that by removing too many of Versace’s unique statement pieces, we have diminished the appeal of the brand and products,” the CEO said. “We have also significantly reduced our product offerings for aspirational consumers to enhance our brand.”

But sources say the idol and Donatella Versace have repeatedly clashed over brand strategy, adding to speculation about the designer’s contract renewal.



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleTelugu film industry stalwarts meet Telangana CM Revanth Reddy on Pushpa 2 Stampede incident
Next Article From the classroom to the boardroom: Plutus Education’s success in developing financial leaders
Adnan Mahar
  • Website

Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

Related Posts

Giorgio Armani Signature Visual Language Marks its New Jio World Plaza Boutique

February 18, 2025

7 couturiers who relentlessly work towards bringing fashion and art together

February 18, 2025

Sabrina Carpenter stuns with thin bejeweled custom Versace Gowns at SNL’s 50th anniversary celebration

February 18, 2025
Leave A Reply Cancel Reply

Top Posts

President Trump’s SEC nominee Paul Atkins marries multi-billion dollar roof fortune

December 14, 202497 Views

20 Most Anticipated Sex Movies of 2025

January 22, 202554 Views

Alice Munro’s Passive Voice | New Yorker

December 23, 202453 Views

2025 Best Actress Oscar Predictions

December 12, 202434 Views
Don't Miss
AI April 14, 2025

Google, Nvidia invests in AI startup Safe Superintelligence, co-founder of Openai Ilya Sutskever

Alphabet and Nvidia are investing in Safe Superintelligence (SSI), a stealth mode AI startup co-founded…

This $30 billion AI startup can be very strange by a man who said that neural networks may already be aware of it

As Deepseek and ChatGpt Surge, is Delhi behind?

Openai’s Sam Altman reveals his daily use of ChatGpt, and that’s not what you think

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to Karachi Chronicle, your go-to source for the latest and most insightful updates across a range of topics that matter most in today’s fast-paced world. We are dedicated to delivering timely, accurate, and engaging content that covers a variety of subjects including Sports, Politics, World Affairs, Entertainment, and the ever-evolving field of Artificial Intelligence.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

The world should not ignore Pakistan’s terrorist trail to Pahargam from 9/11: Korea’s Abhishek Banerjee

Indian politics highlights | NDA has become synonymous with progress, welfare: Amit Shah

Furry Macron dressed down minister after leaking Muslim Brotherhood report – Politics

Most Popular

ATUA AI (TUA) develops cutting-edge AI infrastructure to optimize distributed operations

October 11, 20020 Views

10 things you should never say to an AI chatbot

November 10, 20040 Views

Character.AI faces lawsuit over child safety concerns

December 12, 20050 Views
© 2025 karachichronicle. Designed by karachichronicle.
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.