Versace Debt -the Facts

Discussion in 'Designers and Collections' started by Lena, Mar 25, 2004.

  1. Lena

    Lena etre soi-meme

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    they are in a big mess, i guess..

    here all the financial facts from wwd, Donatella only holds 20% and she's not in the best terms with Allegra :innocent:

     
  2. faust

    faust New Member

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    Honestly, I am a little bit confused. I know her designs are vulgar, but why aren't they selling, while so many vulgar labels do (Cavalli, D2, etc...). They have a brand name, advertising budget, jeans line, boutiques, etc... The only thing I can think of is not enough editorial coverage, and MUST-HAVE :yuk: lists... But what do I know, I don't read Vogue...
     
  3. softgrey

    softgrey flaunt the imperfection

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    you know...as far as i can tell...despite everyone trying to paint a rosy picture...pretty much every company is suffering from low sales...it's finally starting to get to the point where people can't keep pretending everyting is okay and hoping that it will turn around...steps have to be taken...the industry is in serious trouble...here's your proof, if anyone had any doubts...

    even with the fall collections being so wearable...what i'm hearing is that buyers still don't have the dollars to place large orders... they haven't been selling enough in the past seasons to really make large investments yet...they just don't have the money...as far as i can tell...it's still going to be some time before we get back to where we were prior to 2001...(I won't say the date because i know it annoys faust ;) )

    this whole trend of looser silhouettes and more covered up styles isn't going to help versace any either...if they were in trouble before....can you just imagine now?... :innocent:

    there are also just more competitors now-look at all the newbies who have cropped up in the past several years who are going for the same market...proenza, rochas, lanvin, balenciaga, etc...the luxury market is by definition a niche market...there aren't enough customers to go around...it's as simple as that...faust, you mentioned cavalli-they have taken a significant market share away from versace...i'm sure of it...

    and now...since they are all raising prices...i honestly don't see how this is going to work...i think they all need a better plan or to re-think their strategy somehow...and certainly...some of these companies will eventually close...just like some of the magazines...i don't think the market can sustain all of them...

    still hoping for the best and watching how this all plays itself out...
    :innocent:

    thks for the post lena... :flower:
     
  4. faust

    faust New Member

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    lol, we are allowed a difference in opinions!!! :flower: :heart:
     
  5. mikeijames

    mikeijames no tom ford, no thanks.

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    thanks lena for the article...fashion drama is everywhere it seems.
     
  6. Acid

    Acid yes

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    i hope allegra can do something to revive the versace label

    donatella is a BAD BAD BAD influence on versace
    spending WAY too much money on celebrity promotion and using herself as a :sick: versace girl

    no wonder nobody wants to buy versace......just look at old don, enough to put any punter off. as for the furniature :sick: :sick: even elton sold all of his :lol:

    the current menswear collection couldnt be worse......terrible terrible fit, tacky attention to detail and CHEAP quality
     
  7. Erzébeth

    Erzébeth New Member

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    she's not on good terms with her daughter? hmm.. just never expected that.
     
  8. Erzébeth

    Erzébeth New Member

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    also.. acid's avatars are interesting..
     
  9. As You Like It

    As You Like It Proponent of Plaid

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    For the first time, ever, I have to agree with Acid's assessment of a woman.

    Donnatella Versace is scary. Her designs and style are garish and trashy and she herself needs to hire a personal stylist, stat. That ballglove tan and the bleached-and-ironed hair need to go.

    In a shoe thread I started, I was warned by a user that many fashionistas would probably fail to take me particularly seriously because I wear clunky, unstylish Doc Marten's with practically everything...well the same could be extended to Donnatella Versace. She always looks such a mess and she projects herself so thoroughly over her collections that there's this lingering aura of 'ho emanating from the label.

    Using Christina Aguilera, another dubious dresser, as her newest poster girl doesn't necessarily help, either. Christina, while a very talented singer (I love her music, actually) isn't known for consistently dressing or presenting herself well. Moreover, she is really, really young, which could easily alienate the older market who can actually afford Versace clothing.

    I think Versace's day has passed, though, style-wise. The label was always about glitz, excess, and vulgarity, even before Gianni was murdered. 15-20 years ago, conspicuous consumption was the byword. Today, maybe not so much. While there is a luxe market, obviously, it is not so much a driving force behind the rest of the apparel industry. In 1984, everyone wanted to look like Dynasty. Even the lower-range clothing suppliers like Sears and Penneys were selling wide shoulderpads and jewel tones. Today, the lower range markets are much plainer and more restrained than most of the luxe markets. Most of us proles wear khakis, cords, plain bluejeans, polo shirts, tee-shirts, plain button-downs, and sweaters to our office-grunt jobs. We leave the printed-chiffon Chloe to those lilies of the field to whom this sort of thing is marketed.
     
  10. softgrey

    softgrey flaunt the imperfection

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    :lol: lilies of the field... :flower:
     
  11. Lena

    Lena etre soi-meme

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    Allegra has some kind of a strange obsession with food and Donatella can be very rude to her infront of house guests (so i've heard from inside information) :ninja:
     
  12. Lena

    Lena etre soi-meme

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    absolutely agree, much more on the Dynasty era :lol:

    as for doc Martin's they are dead cool asYouLikeIt ;)
     
  13. ignitioned32

    ignitioned32 Mannikin

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    Ditto :sick:

    Donatella thinks way too highly of herself.. anyone read her 10 Questions in Time? :rolleyes:
     
  14. Lena

    Lena etre soi-meme

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    clueless here igni, please do share Donatella's replies if possible,
    she's always quite entertaining :p
     
  15. ignitioned32

    ignitioned32 Mannikin

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    Q. Who personifies the Versace image today?
    A. Me. A woman with a career who has personality, intelligence, and who knows the world-someone like Burberry CEO Rose Marie Bravo, who doesn't wear Versace but she should. I also love Madeleine Albright. She has always impressed me. She's not beautiful; she doesn't have a great body; but she has a lot of charisma and a brain.
     
  16. ignitioned32

    ignitioned32 Mannikin

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    Another one :rolleyes: ...

    Q. Could the Versace brand continue without you someday?
    A. Well, I work with a staff, but Versace works because there is nobody like me, if I say so myself! Without me, it's impossible. The brand is associated with me so...
     
  17. Lena

    Lena etre soi-meme

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    ahhhhhahahhahaha i can always trust Donatella for a good laugh :rofl:
    the Allbright quote had me practically on the floor (mailing it to friends now)

    thanks you so much igni :flower:
     
  18. ignitioned32

    ignitioned32 Mannikin

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    :rofl: I know

    Anything 4 U guys :kiss:
     
  19. beiby

    beiby New Member

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    Allegra has some kind of a strange obsession with food and Donatella can be very rude to her infront of house guests (so i've heard from inside information) :ninja: [/b][/quote]
    I have always been under the impression that Allegra had/have anorexia or bulimia? :unsure:
     
  20. Lena

    Lena etre soi-meme

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    I have always been under the impression that Allegra had/have anorexia or bulimia? :unsure: [/b][/quote]
    thats what i've heard too, more towards bulimia i think :(
    and Donatella seems not to be too supportive to her
     

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