Versace Archives - Inside Retail Asia

Chinese brand ambassadors severe ties citing sovereignty

Chinese brand ambassadors of fashion labels from Coach to Givenchy have severed ties with the companies over products which they said violated China’s sovereignty by identifying Hong Kong and Taiwan as countries.

Versace apologises for suggesting Hong Kong is a country

Italian luxury label Versace and its artistic director Donatella Versace apologised on Sunday after one of the company’s T-shirts was widely criticised on social media in China for identifying Hong Kong is a country. Versace, which was bought by US-based Capri Holdings in September, said on its Weibo account that it had made a mistake and as of July 24 had stopped selling and destroyed the T-shirts.

Versace adds gloss to Capri results

At headline level, the latest Capri results looks to have been a good quarter for the fashion retail owner, with revenues up by a solid 11.9 per cent.

Versace China opens Beijing flagship

Versace China’s new flagship has opened in Beijing as part of a concerted plan by the fashion label’s new owners to expand its footprint globally.

Versace to expand Asian store network and range

Versace will open its largest store yet in China this week, part of a concerted plan by the fashion label’s new owners to expand its footprint globally.

Roberto Cavalli US collapses

Italian fashion label Roberto Cavalli has shuttered its stores in the US and will liquidate its entire operations in the territory.

Capri to increase focus on Asia

With the completion of its acquisition of Versace, global fashion group Michael Kors Holding has successfully transitioned.

Acquisitions flatter Michael Kors sales performance

Michael Kors sales grew 9.3 per cent to US$1.25 billion during the second quarter – but the figures were flattered by new acquisitions.

Michael Kors acquires Versace for US$2 billion

Michael Kors plans to expand the Italian label to 200 to 300 stores.

Dutch chain Topshelf to close down

Dutch department store operator Topshelf appears to be closing down.

Versace revenues up, but expansion hammers profit

While Versace revenues rose 3.7 per cent for its latest fiscal year, expansion led to a consolidated loss of €7.4 million (US$8.4 million).

Flagship Tokyo store for Timex Japan

Timex Japan has launched with a two-storey store in Tokyo.

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