Dior Opened the Paris Fashion Week with Dance Performance
Dior has became the first show that open the Paris Fashion Week spring/summer 2019 (SS19). Not wanting to be just ordinary, Dior made a stunning runway with dance performance at the outside of the famed Paris race course, Hippodrome de Longchamp. The show opened with a dance performance choreographed by Israeli choreographer Sharon Eyal, and models started walk the catwalk during the routine. Maria Grazia Chiuri dance-inspired collection is simple yet elegant. Models were walking down the runway in leotards, tulle skirts, and wrap-around ballet pumps while rose petals fell from the ceiling. So romantic!
Michael Kors has acquired Versace for more than $2.1 billion
It’s official! A global fashion luxury group, Michael Kors Holdings Limited, announced today that a definitive agreement has been signed to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace S.p.A. for a total enterprise value of Euro 1.83 billion or approximately US$2.12 billion. Donatella Versace as the creative director of the brand will retain a role in the company along with her brother Santo and daughter Allegra. John D. Idol, Chairman and Chief Executive Officer of Michael Kors Holdings Limited, said, “The acquisition of Versace is an important milestone for our group. Versace was founded in 1978. For over 40 years, Versace has represented the epitome of Italian fashion luxury, a testament to the brand’s timeless heritage.” “Versace’s management team will continue to be led by Chief Executive Officer, Jonathan Akeroyd, who has been an instrumental partner to Donatella in driving growth and success for Versace worldwide,” added John D. Idol.
For more than 20 years, Donatella took over the company after her late brother Gianni untimely death in 1997. Following the acquisition, Michael Kors company will also renamed its group to Capri Holdings Limited, named after the Island of Capri, of which the company referred to as a glamorous destination.
Tod’s Factory, Tod’s New Collaboration Project
Diego Della Valle, Tod’s president and CEO, confirmed that the company has a new collaboration project, Tod’s Factory, in reference to Andy Warhol. Not only designers, Tod’s will be asking young photographers and filmmakers to participate in the project. Diego Della Valle has hired Alessandro Dell’ Acqua, who is the designer of the No. 21 and Rochas labels, for the first Tod’s Factory capsule collection. This business model is a new strategy of Tod’s to build excitement.