The Prada Group has finalized its acquisition of Versace for 1.25 billion euros, integrating the iconic brand known for its bold designs into its portfolio alongside Prada’s and Miu Miu’s offerings. This strategic move aims to revitalize Versace’s performance after its tenure under Capri Holdings. Lorenzo Bertelli, Prada heir, will take the helm as executive chairman, overseeing Versace’s integration into Prada’s manufacturing infrastructure, which has seen significant investment in its supply chain. The acquisition is expected to significantly impact revenue distribution within the Prada Group, with Versace, Miu Miu, and Prada accounting for 13%, 22%, and 64% of pro-forma revenues respectively.
Read More
Giorgio Armani, the renowned Italian fashion designer and founder of the Armani Group, has died at the age of 91. His company announced his passing, noting that he was surrounded by loved ones. Armani, who launched his fashion house in 1975 and was known for dressing the stars, was a leading figure in the industry until his death. A private funeral will be held, but a funeral chamber will be open for public condolences.
Read More
The recent arrest of former Abercrombie & Fitch CEO Mike Jeffries in a sex trafficking investigation has been shocking yet, for many, not entirely surprising. Jeffries, alongside his partner Matt Smith and another individual, was taken into custody by the FBI as allegations surfaced regarding their involvement in the sexual exploitation of young men at extravagant parties globally. Reflecting on this news, it seems that there’s a collective frustration and disbelief, mixed with validation for those who grew up hearing the stories that painted Jeffries not just as a CEO, but as a deeply problematic figure.
The fashion industry has long had a reputation for its darker undertones, and Jeffries, whose reign at Abercrombie was marked by gross elitism and blatant disregard for diverse body types, perfectly encapsulates this toxicity.… Continue reading
Ella Emhoff, Kamala Harris’s stepdaughter, recently made headlines for her outfit at the Democratic National Convention, triggering conservatives all over. I can’t wrap my head around why people are so fixated on what she wore. From what I saw, she looked absolutely stunning and exuded confidence in her unique style. It’s really refreshing to see someone comfortable in their own skin and rocking a look that is true to themselves.
Conservatives seem to have a knack for getting worked up over the smallest things, and Ella’s outfit choice is no exception. The backlash she received for her attire is just another example of the never-ending need to police and sexualize young women, especially those in the public eye.… Continue reading
John Q. Hosedrinker
Ella Emhoff, Kamala Harris’s Stepdaughter, Wore a DNC Outfit that Triggered Conservatives’ Brain Worms
Ella Emhoff, Kamala Harris’s stepdaughter, recently made headlines for her outfit at the Democratic National Convention, triggering conservatives all over. I can’t wrap my head around why people are so fixated on what she wore. From what I saw, she looked absolutely stunning and exuded confidence in her unique style. It’s really refreshing to see someone comfortable in their own skin and rocking a look that is true to themselves.
Conservatives seem to have a knack for getting worked up over the smallest things, and Ella’s outfit choice is no exception. The backlash she received for her attire is just another example of the never-ending need to police and sexualize young women, especially those in the public eye.… Continue reading