Bella Hadid walks the runway at the Versace Ready to Wear fashion show during Milan Fashion Week Spring/Summer 2019. Image by: Gamma-Rapho via Getty Images
Michael Kors acquires Versace in a multi-billion dollar deal this week, Kotn opens a location in New York and other fashion news you might have missed this week.
In big (like billions of dollars big) fashion moves this week, Michael Kors announced its acquisition of Versace in a $2.12 billion deal. Along with the sale, Michael Kors Holdings will be renamed Capri Holdings, whose portfolio now includes three major fashion players: Michael Kors Collection, Jimmy Choo and Versace.
Fans of the iconic Italian luxury brand wondered what this meant for the future of the house and what role creative director and face of the label, Donatella Versace, would have. To address these rumours, she released a personal statement via Instagram to reassure the fashion world that the Versace style would remain as glamorous as ever and that she wasn't going anywhere.
MICHAEL KORS BUYS VERSACE
Ciao a tutti! You all know how I love the interaction that I have with all of you here. First of all, I wanted to let you know that I am NOT going anywhere, so for those who wanted to get rid of me, well…it ain’t happening! I also wanted to reassure you that Versace will remain ITALIAN, Made in Italy and that it will keep its GLAMOUR, DARING and INCLUSIVE attitude that have made you all love it. This is just the beginning of an exciting, new adventure that I hope you will live together with me! xoxo Donatella @donatella_versace _ Photo by @rahirezvanistudio
THE GREEN CARPET FASHION AWARDS HONOUR THE BEST IN SUSTAINABLE FASHION
@carolynmurphy wears an incredible fully recycled @maxmara look for #TheGreenCarpetChallenge. The one shoulder dress and trench coat are made from Italian Newlife™ recycled polyester fabric made from PET bottles collected, processed, and turned into a new fabric within Italy, and the buttons have been made from non-GMO sugar cane. #GCFAItalia in collaboration with @ecoage
VANESSA HUDGENS CREATES FIRST COLLECTION FOR SUISTUDIO
KOTN OPENS SHOP IN NEW YORK
Climbing the entrance of Kotn NYC is the #kotnglyphwall, a collection of our favourite hieroglyph symbols. Hieroglyphs, or hieroglyphics, were the formal writing system used in ancient Egypt. Created in the 32nd century BC, the language has almost 1000 distinct signs representing letters, words, and phrases. In the 5th century, knowledge of hieroglyphic writing was lost, and the language wasn't deciphered again until the 1820s by Jean-François Champollion, with the help of the Rosetta Stone. - Designed in our offices in Toronto, we worked with @weld_done_designs_ to craft the hieroglyphs from scratch. Watch the step-by-step process on our NYC highlight. - 📍: Explore Kotn NYC at 112 Mercer Street in SoHo.