Versace news and archive

Luxury fashion at a crossroads ahead of key designer debuts

If the Venice Film Festival’s red carpet is any guide, the luxury sector is entering the womenswear season in a state of uncertainty. Following a long summer and the July haute couture shows, celebrity dressing has returned with renewed significance, as catwalk presentations risk becoming increasingly predictable and uninspiring. The festival...

Fashion

Venice Film Festival: A preview of autumn fashion trends

Venice - Julia Roberts in a Versace gown and Alba Rohrwacher in a Victorian-inspired Dior dress. The red carpet at the 82nd Venice Film Festival offered a glimpse into the autumn fashion season, marked by the arrival of new creative directors. For her first time at the Lido, the "Pretty Woman" star delighted photographers in a long, navy blue...

Member

Business

Prada results underscore weaker luxury demand

Miu Miu is having a moment. The brand claimed the number one spot on Lyst’s Q2 Hottest Brands Index, with Prada landing just a few places behind in fourth. But while the buzz is real, fuelled by clever styling, viral looks, and a steady stream of celebrity endorsements, it only tells part of the story. Scratch beneath the surface, and Prada...

FeaturedMember

Business

Prada Group's H1: Strong performance driven by Miu Miu's growth

Prada Group reported net revenues of 2.74 billion euros. This represents a 9 percent increase in the first half of 2025. Retail sales totalled 2.45 billion euros. This is a 10 percent year-on-year increase, with growth across all geographical areas. Retail sales for the Prada brand decreased by 2 percent year-on-year. Miu Miu achieved a 49...

Culture|In Pictures

Gianni Versace retrospective opens in London

The colourful world and creative legacy of the legendary fashion designer Gianni Versace is being celebrated in a new London exhibition featuring more than 450 rare and vintage Versace pieces, including items worn by celebrities such as Princess Diana, Elton John, and Kate Moss. The 'Gianni Versace Retrospective,' which has already visited the...

FeaturedMember

Business

Mergers and acquisitions: PwC says fashion and luxury sector is increasingly selective

Mergers and acquisition operations in the consumer sector are slowing down globally. However, seven mega-deals exceeding 5 billion dollars are boosting overall value. In Italy, 158 transactions were announced in the first five months of 2025. These are some of the findings detailed in the report 'PwC Global & Italian Merger and Acquisition Trend...

Fashion

"That Dress": Iconic Versace dress auctioned for 12,090 euros

One of the most iconic dresses of 20th-century fashion, a version of the legendary black Versace dress – worn by British actress Elizabeth Hurley, alongside Hugh Grant, at the premiere of Four Weddings and a Funeral in 1994 – was auctioned for 12,090 euros by the auction house Penelope’s. Story of "That Dress" Symbolising the power of viral...

Member

Business

Capri holdings slides deeper into loss zone in fourth quarter

The US fashion group Capri Holdings Limited also suffered significant sales losses in the fourth quarter of the 2024/25 financial year. In addition, the group reported a significantly higher loss. However, the figures, which the company published on Wednesday, were not quite as bad as analysts had expected in the run-up. The current quarterly...

FeaturedMember

Business

Capri reaffirms strategic investments into Michael Kors following Versace sale

Last week, the long-rumoured Prada takeover of Versace was finally confirmed. And, while many began to speculate on what could come from the merging of the two Italian giants, at Versace’s now former owner, US conglomerate Capri Holdings, plans are already seemingly underway for the remnants of its portfolio. Following the announcement of Prada’...

Featured

Fashion

Prada buying Versace buy is a win-win for Italian luxury

When Prada this week confirmed its acquisition of Versace for 1.25bn euros it was both a business transaction as much as a symbolic repatriation of Italian heritage. As the dominance of French conglomerates LVMH and Kering has become the established order in luxury fashion—owning Italian crown jewels from Fendi to Gucci—the Prada Group's...

FeaturedMember

Business

Prada: Versace relaunch requires long-term mindset

The Prada Group intends to take its time with the relaunch of Versace. During a conference call on April 10, following the announcement of the Prada Group's acquisition of Versace, Andrea Guerra, CEO of the Prada Group, and Lorenzo Bertelli, head of corporate social responsibility for the group, stated that the next steps to fully unlock the...

Fashion

Following Prada takeover: 5 things to know about Versace

Italian fashion giant Versace, the long-held family business known for its flashy, sexy designs and Medusa head logo, will now become part of Prada, its larger rival and polar opposite in terms of style. The 1.25 billion euro acquisition, announced Thursday, aims to breathe new life into Versace, whose highs and lows have included the 1997...