Michael Kors Holdings Limited (NYSE:KORS) announced today that a definitive agreement has been signed to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace S.p.A. for a total enterprise value of Euro 1.83 billion or approximately US$2.12 billion. Versace, long recognized as one of the world’s leading luxury fashion companies, is synonymous...
Political allegiance has a critical role in the decision to buy luxury goods. New empirical research by David Dubois, Associate Professor of Marketing at INSEAD, Jeehye Christine Kim of Hong Kong UST Business School and Brian Park of J. Mack Robinson College of Business at Georgia State University, shows that conservative shoppers are much more...
Cocktail Sneakers announced their company launch with a new line of fashion sneakers. The all-female company is redefining sneaker culture for women with a line of sneakers that transition seamlessly from casual daywear to more elegant evening attire, complementing the active woman’s lifestyle. After discovering a void in the marketplace, Cocktail Sneakers founder, Susan Hassett, was...
When the Dutch explorers first encountered New York, they missed Manhattan by a matter of yards, landing instead on a hickory-, oak- and chestnut tree-laden offshore island. Soon enough, the local Lenape Indians ceded its 172 acres to the new settlers—marking the official start of the State of New York. And then the British took over, turning this little island into home base...
On Friday, May 4th, China Institute and the Yue-Sai Kan China Beauty Charity Fund will co-present the third annual China Fashion Gala at The Plaza Hotel in New York City. The China Fashion Gala is a platform to promote and support emerging Chinese talent on the international stage and to recognize individuals whose outstanding contributions have helped...
Tommy Hilfiger, which is owned by PVH Corp., announces the launch of a documentary mini-series #WhatsYourDrive, revealing the man behind British racing legend Lewis Hamilton, global brand ambassador for Tommy Hilfiger men’s. New episodes will be released in line with the races on the 2018 Formula One World Championship® Race calendar, with every feature focused on a different aspect...
Imagine a shopper, Sarah, who is concerned about child labor and knows about groups like the Fair Wear Foundation that certify which brands sell ethically produced clothing. Hours after learning that fashion giant H&M reportedly sells clothing made by children in risky workplaces in Burma, she goes shopping. Completely forgetting about what she just heard,...
On Monday, Coach Inc. reached an agreement to purchase Kate Spade & Company for a cash transaction of $2.4 billion funded by a combination of senior notes, bank term loans, and approximately $1.2 billion of excess Coach cash, a portion of which will be used to repay an expected $800 million six-month term loan. The...
Levi Strauss is committed to manufacturing all of its denim from sustainable cotton by the year 2025. There is just one problem..the technology to produce quality denim from worn cotton has not been invented yet. Just a small percent of the cotton Levi’s uses comes from recycled sources, the majority comes from virgin cotton. The $4.5...
Earlier this week, New York mayor Bill de Blasio announced the city’s planned investment in Sunset Park, Brooklyn- a complex at Bush Terminal dedicated to New York’s garment and film industry. The Made in New York complex, part of the Sunset Park District Plan, led by the New York City Economic Development Corporation (NYCEDC), is...
