By acquiring the prestigious Italian fashion house, Versace, American group Michael Kors enters the luxury world, despite a lack of experience in the sector. It’s a risky move, but one that makes financial sense.
Furla and Versace are the latest retailers to implement a fur-ban, as a growing number of fashion houses acknowledge the environmental and ethical implications of using real animal fur in their collections. read more
Milan - Family owned Italian fashion house Versace is ready to sell some of the company to outside investors to help fund expansion in foreign markets such as Asia, its chief executive said in an interview.