The fashion brand has announced that it is launching a digital flagship on Tmall. The storefront will also be featured on the Tmall Luxury Pavilion, the platform set up by Alibaba Group to host luxury and premium brands.
The Michael Kors brand has announced its intention to make two-thirds of the staff at its French HQ redundant, a plan which, FashionNetwork.com has learnt, was validated by French labor authority Direccte on May 2.
Michael Kors is stepping down from his role as a director and executive officer of Capri Holdings, and will reportedly will stay on as honorary chairman and chief creative officer for his namesake brand.
Versace went to the stock market Friday night in Milan, for a runway show and not a flotation. Referencing all the house's codes and starring two generations of uber models, this was a great performance from Donatella.
Capri Holdings sees the accessories businesses at both Jimmy Choo and Versace as underdeveloped and has high hopes for their future, it said, as it also hailed Michael Kors' potential, despite weakness in watches.
Capri Holdings Ltd, formerly Michael Kors, beat quarterly profit estimates on Wednesday and raised its full-year revenue forecast on expectations of strong sales at its recently acquired Versace brand.
The invitation for the latest Versace show was suitably mysterious – a dossier marked "Confidential". Inside guests were invited to the first menswear show since Versace was sold to a certain US fashion group last year.