ideeli (Free subscription) | 12/02/2009
Today Italian fashion designer Gianni Versace would have been 63 years old. He was murdered 13 years ago outside his home in Miami. His family currently runs the international company he founded, Gianni Versace SpA. His brother Santo serves as CEO and his sister Donatella is in command of design. In his will, Gianni Versace left 50 percent of his fashion empire to his niece Allegra Versace, daughter...
The Washington Times (Free subscription) | 11/27/2009
Today is Black Friday, the day after Thanksgiving that kicks off the traditional Christmas shopping season, and as such refers to the beginning of the period in which retailers go from posting losses (being in the red) to making profits (being in the black). Will consumers shop in order to give gifts this holiday season? More likely than not, but how many gifts they will give and where they will buy...
The Daily Beast (Free subscription) | 11/26/2009
Sure, it's a recession. But that doesn't mean you should feel guilty about shopping. To help, The Daily Beast has compiled 23 gifts to feel good about. In each case, at least some of the profits go to charity-from a Versace tote bag whose proceeds...
FIRUZE FRENCH (Free subscription) | 11/10/2009
Tokyo demand "Fast-Fashion" over Luxury Goods I'd read an article this morning on the Wall Street Journal website quoting Chief Executive of Forever 21, Larry Meyer saying: "Luxury is not in vogue right now given the lack of consumer confidence. As in the U.S., in Japan there has been an underlying group of people who couldn't afford luxury and wanted trend-like fashion at a lower price—the...
WickedGayBlog.com (Free subscription) | 11/05/2009
Italian fashion house Versace has plans to cut its global workforce by one quarter by mid-2010, according to a company spokesperson. The Milan-based company will cut approximately 350 jobs, while also reviewing other possible cost-cutting measures, which could include cutting production facilities, closing stores and reducing corporate capital investment next year. The company’s goal: dramatically...
[FashionRatty] Lattest Articles (Free subscription) | 10/29/2009
Fashion enthusiasts mourn today Not only has Versace announced the closing of alltheirJapan stores, but now in a feeble attempt to increase profits and keep investors happy, Versace will be...
ShoppingBlog.com (Free subscription) | 10/28/2009
Bloomberg reports that Gianni Versace SpA is reducing its workforce by 26% - 350 of its 1,360 positions. The cuts by the Italian fashion house are part of its plans to return to profitability in 2011. Versace expects a loss this year and has a "flat" outlook for 2010, it said in a statement today. The company will eliminate about 350 positions worldwide from a total of 1,360. "Trading...
Styledash (Free subscription) | 10/28/2009
Filed under: Style in the News Versace will be laying off 350 workers by mid next year. Photo: Vittorio Zunino Celotto, Getty Images Despite Donatella Versace hosting the Whitney Museum's Studio Party in NYC last week, things are looking grim for the luxury company. Gianni Versace SpA announced today that it will eliminate 350 jobs worldwide in an effort to cut costs, reports the Wall Street Journal...
Second City Style (Free subscription) | 10/28/2009
Because of a loss in 2009 and a flat 2010, 350 workers for Gianni Versace SpA will be let go by the middle of next year. According to WWD, the cuts will be made to increase efficiently and profitability. Gian...
imagine lifestyles | 10/23/2009
In a surprising move, Italian luxury powerhouse Gianni Versace SpA has announced intentions to close its Japan locations. It seems the high-end fashion leader and industry presence is indulging in a makeover of sorts. Sorry, could not help it. The company informed that it is revamping its business strategy, and that the three boutiques in Japan no longer represent the brand image. Gianni Versace SpA
iCelebZ.com (Free subscription) | 10/15/2009
Italian luxury fashion house Gianni Versace SpA will be closing its Japan stores. The company said it will review its entire business strategy after it closes down its three stores in the Asian country. According to the company, the Versace boutiques in Japan no longer represent the brand image and it was a sound move for the company to close them and start with a clean slate. Versace Japan experienced...
Asian Gypsy - All Things Mongolian (Free subscription) | 10/13/2009
If you live in UB, you must've seen the gigantic Sean Connery Louis Vuitton ad plastered across the wall of the Shangri-La / Central Tower building facing Sukhbaatar square. The makeshift banner-wall is now down, and the LV shop facade has emerged ready for its grand opening soon. Yves Carcelle, chief executive of LV, had this to say: “Sometimes in our industry there is a tendency to follow your...
The Independent (Free subscription) | 10/09/2009
(Relaxnews) Designer brand Gianni Versace SpA is withdrawing from the Japanese market, nearly 30 years after bringing its chic to the world's second largest economy.
Luxist (Free subscription) | 10/08/2009
Is Japan losing its luxury appeal? Last year LVMH scrapped plans for a new Vuitton flagship store in Tokyo's Ginza shopping district and now Versace is pulling out completely. Bloomberg reports that Gianni Versace SpA will close its Japanese stores as part of an overall review of the company business strategy. A statement from the company said in part that the Versace boutiques in Japan " no...
ShoppingBlog.com (Free subscription) | 10/08/2009
The Wall Street Journal reports that Gianni Versace SpA is closing its three remaining stores in Japan. In a statement issued Wednesday, the fashion house said it closed its last three stores in Japan, because they "no longer represented the brand image." The statement described the move as part of a broader overhaul of company strategy, adding that Versace wanted "a clean slate"...
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imagine lifestyles | 10/23/2009
In a surprising move, Italian luxury powerhouse Gianni Versace SpA has announced intentions to close its Japan locations. It seems the high-end fashion leader and industry presence is indulging in a makeover of sorts. Sorry, could not help it. The company informed that it is revamping its business strategy, and that the three boutiques in Japan no longer represent the brand image. Gianni Versace SpA...
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