Type keyword s to search. Rahi Rezvani. Gianni and Donatella Versace, circa Getty Images. Related Stories. This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano. Currently, the group manufactures many products in developing countries mostly in China at a time when consumers, especially European ones, have lost their taste for brands that sell for high prices.
But the company keeps their production costs down by manufacturing in countries where labour and goods are cheaper. In a takeover, the risk for the Versace brand to be diluted is real.
The saying goes that fashion is an eternal new beginning. However, this is not what we see in the evolution of the fashion sector. More and more big groups are taking over and fewer young and independent houses are making a splash. This is the number one lesson of the acquisition of Versace by Michael Kors. Portsmouth Climate Festival — Portsmouth, Portsmouth.
Edition: Available editions United Kingdom. Become an author Sign up as a reader Sign in. Fashion luxury goods. This article includes content provided by Instagram. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. To view this content, click 'Allow and continue'. The takeover of Versace follows the sale of several other independent high-end brands to large conglomerates. Chanel is the last major European luxury brand to remain in private hands.
This article is more than 3 years old. Models at the Versace show during Milan Fashion Week.
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