Coach Owner to Buy Parent of Versace in Luxury Mega Merger

[Salvatore]

Good. Versace needs a good splash of cold water to the face to wake up !

 

[GivenchyAddict]

Whoever buys Versace should require to have Donatella just as creative advisor and to step out as CD.

She is no longer an asset for Versace at all. Ego aside, she would have given the job to Riccardo.

 

[Lola701]

I knew it was coming!
That acquisition didn’t made any sense and Donatella went for them only because they were willing to pay her big big money. Versace wasn’t worth that price.

I think the Qataris can buy Versace. It could in the future make up for the future Acquisition of Valentino by Kering.

They can also buy Jimmy Choo btw.

Yes to Riccardo Tisci being appointed as a CD. They should close Versace Jeans Couture and only focus on Versace mainline and Atelier Versace.

 

[brandon J pierre]

Whoever buys Versace should require to have Donatella just as creative advisor and to step out as CD.

She is no longer an asset for Versace at all. Ego aside, she would have given the job to Riccardo.

Her last show was her worst in years. She hasn't said anything new in years, they need fresh blood! Fresh meat, Versace 90s sex is now so common they need a new way to tell the story. Also they are infiltrated with celebrities. Celebrities have become so stale and boring we needed to turn to models supermodels a new breed and they can do that because they started the trend. Versace is still one of my favorite brands. They should also bring back couture. Just to show off.

 

[GoldenPetals]

I'll buy it!

 

[LadyJunon]

The funny thing about the whole thing is that while the group has been experiencing growth until 2022, it was mostly due to the acqusitions of Jimmy Choo and Versace. Meanwhile, Michael "Cash-Cow" Kors has been on a constant decline since 2017.

Spoiler: Capri Holdings Revenue

	Total	Michael Kors	Jimmy Choo	Versace
FY23/24	5'170​	3'522​	618​	1'030​
FY22/23	5'619​	3'880​	633​	1'106​
FY21/22	5'654​	3'953​	613​	1'088​
FY20/21	4'060​	2'924​	418​	718​
FY19/20	5'551​	4'153​	555​	843​
FY18/19	5'238​	4'511​	590​	137​
FY17/18	4'718​	4'496​	223​	-​
FY16/17	4'494​	4'494​	-​	-​
FY15/16	4'712​	4'712​	-​	-​
FY14/15	4'371​	4'371​	-​	-​
FY13/14	3'311​	3'311​	-​	-​
FY12/13	2'182​	2'182​	-​	-​
FY11/12	1'237​	1'237​	-​	-​
FY10/11	758​	758​	-​	-​
FY09/10	483​	483​	-​	-​
FY08/09	377​	377​	-​	-​
FY07/08	296​	296​	-​	-​

I don't really see which of the luxury groups could acquire Versace. Ideally, it would be Kering, but they're in deep sh*t.

 

[blueorchid]

I’m can tell Michael Kors is on the decline because I was doing some Christmas shopping at the mall this morning and all the women who used to carry MK bags are now carrying Kate Spade! That is, if they’re not wearing a Lululemon belt bag.

 

[brandon J pierre]

I’m can tell Michael Kors is on the decline because I was doing some Christmas shopping at the mall this morning and all the women who used to carry MK bags are now carrying Kate Spade! That is, if they’re not wearing a Lululemon belt bag.

The website is full of sale items 40 to 60 percent off pre Christmas. Thats a bad sign.