Amid the ongoing US-China tariff war, TikTok has become flooded with content from Chinese factories. In these viral videos, factory workers and business owners allege that many “high-end” luxury brands from around the world, including Gucci, Prada, Louis Vuitton, are actually manufactured in China, then sold at dramatically marked-up prices overseas. Chinese factory workers claim…
RTO is popping up in another medium: fashion. Fashion houses are tapping into the discourse and trend as return-to-office continues to be one of the much-debated workplace discussions following the pandemic. “The pendulum is now swinging the other way; I feel like this is the fashion houses’ way of saying the power suit is back,…
Prada has agreed to buy Versace in a 1.25 billion euro (£1.1 billion) deal that will see two of Italy’s biggest luxury fashion brands come together. The Milan-based Italian fashion house said it was acquiring 100% of the brand from Michael Kors and Jimmy Choo owner Capri Holdings. Prada said Versace would complement its portfolio…
In a billion dollar deal that shakes up the world of luxury fashion, Prada has agreed to buy Versace from its owner Capri Holdings. The all cash deal, valued at $1.375 billion, will merge two of the most famous Italian luxury fashion brands under one roof. It is expected to close in the second half…
Welcome to “The Price Is Right” — the fashion dealmaking edition. Price is always central when it comes to putting millions or billions of dollars into a company or staging an IPO. Like the game show, there’s some guessing and gut instinct that goes into finding the right price for a deal. And there’s usually…
A young actress’ suicide in South Korea. Allegations of an underage relationship. These are part of a growing drama in the Asian entertainment world that raises questions about society’s treatment of celebrities in crisis, with harsh media and online commentary amplifying their lowest moments. This week, South Korean actor Kim Soo-hyun publicly denied allegations that…
Style Points is a column about how fashion intersects with the wider world. At fashion week, the only place you’d usually spy a makeup compact is backstage. But for her much-heralded Givenchy debut this season, creative director Sarah Burton brought the everyday item to the forefront, collaging a powder-pink minidress and matching bag in upcycled…
The mega deal in the fashion world is taking shape: the shares of Capri Holdings and fashion giant Prada surged in the past 24 hours following reports of the emerging deal, according to which the Italian fashion company Prada will acquire the luxury brand Versace, owned by Capri. Versace was founded by the late…
Donatella Versace is giving up the creative reins of luxury fashion label Versace after nearly three decades, effectively ending the family’s hold over the brand founded by her murdered brother. The platinum blonde fixture of Italian fashion, who turns 70 in May, will be succeeded by Miu Miu’s design director, Dario Vitale, in what some…
The fashion show off the runway always rivals that on it at the Miu Miu show, where somewhat famous celebrities, influencers and genuine fans seem to engage in Miu Miu cosplay. On Tuesday afternoon, the front row had a cowgirl in a bathing suit, many schoolgirl-types in pleated skirts, knee socks and loafers, and a…