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Everybody calm down! Versace is not over!

Versace Is Not Becoming Michael Kors—the Same Way Jimmy Choo Didn’t Become Michael Kors
It’s confusing, but Versace isn’t over.

You’re probably not totally clear on this whole “Michael Kors now owns Versace” thing. Yes, the most successful all-American brand in the current market is now the proud owner of one of the most preeminent names in Italian fashion. It’s mind-bending, truly. But Versace is still Versace. Let me explain.

After rumors of the acquisition, Michael Kors Holdings officially confirmed its purchase of Versace for $2.12 billion. In its acquisition of the brand, Michael Kors Holdings will now officially be named Capri Holdings. “The Versace family will become shareholders of Capri Holdings Limited, with Donatella keeping her role as creative director of the fashion house. Capri Holdings, formerly Michael Kors Holdings, now has three major fashion houses under its portfolio: Michael Kors Collection, Jimmy Choo, and Versace.”

Michael Kors Holdings acquired Jimmy Choo last year, setting itself apart from other fashion conglomerates that tend to grow in scale and revenue strictly via licenses, diffusion lines, and the acquisition of more mass-market labels. John D. Idol, CEO of Michael Kors Holdings Limited, said in a release: “The acquisition of Versace is an important milestone for our group…We believe that the strength of the Michael Kors and Jimmy Choo brands, and the acquisition of Versace, position us to deliver multiple years of revenue and earnings growth.”

Here’s where the confusion lies. Fans of the iconic Italian brand, which became beloved stateside when Gianni Versace moved into the Versace Mansion and changed the face of American style in the late ’80s and ’90s, are terrified of what’s to come due to Kors’ influence on the brand. Michael Kors is known for easy, breezy, American style–not the sexy, risk-taking, ultra-luxe Italian allure upon which Versace is based. Furthermore, Kors’ success is based upon his licensing and diffusion brands, like Michael Michael Kors, as well as his fragrance, timepieces, and accessories partnerships. It seems fans are worried this kind of market saturation could be next for Versace, which currently only has one sister line, Versus Versace, to its name.

Image result for michael kors and donatella versace

But similar to Jimmy Choo’s agreement with Kors Holdings, Donatella Versace will continue to remain at the helm of her namesake brand, leading the brand’s creative vision. Said Versace of the news, “This is a very exciting moment for Versace. It has been more than 20 years since I took over the company along with my brother Santo and daughter Allegra. I am proud that Versace remains very strong in both fashion and modern culture. Versace is not only synonymous with its iconic and unmistakable style, but with being inclusive and embracing of diversity, as well as empowering people to express themselves. Santo, Allegra and I recognize that this next step will allow Versace to reach its full potential.”

Understandably, this means that scaling the Versace name into new avenues of revenue is a possibility–but that likely won’t include mass-retailers in the way Kors has expanded his ever-growing empire—at least not immediately. It seems that Kors, now Capri Holdings Limited, is eager to expand predominantly into the luxury space, and much will be revealed when details of the acquisition are finalized and released.

While Donatella’s loyal fanbase might not be as welcome to change, she certainly seems to be excited for what the future may bring under Idol and the Capri’s collaboration and leadership. “We believe that being part of this group is essential to Versace’s long-term success,” Donatella said. “My passion has never been stronger. This is the perfect time for our company, which puts creativity and innovation at the core of all of its actions, to grow.”

By  ;HARPER’S BAZAAR

Image result for michael kors and donatella versace

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Henri Bendel Is Closing!

Say it ain’t so! Henri Bendel, the 123-year-old shopping institution, is closing its doors. The store’s owner, L Brands, which also operates companies such as Victoria’s Secret and Bath & Body Works released a statement on Thursday that it’s shuttering all 23 outposts including the beloved Fifth Avenue flagship by January 2019. This also includes Bendel’s e-commerce site.

Like the many other shopping meccas that have closed within the last few years, the decision comes down to lack of funds. Although a recent revenue report shows Henri Bendel brings in $85 million this year, but apparently the sum still doesn’t doesn’t make up for its operating losses and closing costs. Additionally, it’s hard for the high-end label-touting brand to compete with nearby department stores like Saks Fifth Avenue and Bergdorf Goodman.

This news comes to us just a few months after another Fifth Avenue staple—Lord & Taylor—announced it’s becoming a WeWork building after 104 years of business. Naturally, this poses a serious threat to New York’s epic holiday window displays, as both of these brands created some of the most legendary North Pole and Winter Wonderland scenes we’ve ever seen. Fortunately, Henri Bendel and Lord & Taylor are sticking around for one more Christmas in New York. Nonetheless, Fifth Avenue will never be quite the same.

– Jennifer Picht ; Time Out Magazine

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Spring Essentials

7 Essential Trends You Need For Spring

Winter just won’t seem to go away! Although we’ve wrapped up our first week of spring, the freezing cold temperatures are still lingering, making us crave some heat . Besides having warmer days, we are dying to push the furs to the back of the closet and bust out the short shorts and flowing frocks. If you are still getting your Spring/Summer looks together or just want to freshen up your wardrobe with new pieces, check out the 7 essential trends you need to incorporate this season.

Romance in Ruffles

Get a little fun and flirty with ruffles this spring. Whether dainty or voluminous , frills are blooming to be a major trend in 2017.

Year of the Stripes

Subtle or bold, stripes are a must have in 2017. You could play nautical or get Wall Street chic with this versatile trend.

Layers On Top Of Layers

Get creative and pile on the pieces to create a unique look. Take this trend even further by layering multiple textures and prints.

Pink Over Everything

It’s official-pink is the new IT color. Brighten up your wardrobe with various shades of the color du jour.

Off the shoulders

Slide the fabric to the side and show those sexy shoulders. Draped effortlessly or a deconstructed cutout, you can’t go wrong with showing a little skin.

Khaki 2.0

Who said Khaki was just for a uniform? The classic and practical textile has undergone a major makeover and has now become the staple of the season.

Peep Show

Tastefully give a little sneak peek with sheer. Opaque is definitely the way to go to keep cool while looking haute at the same time.

Vicrina Aberdeen is a host, personal shopper, and digital content creator living
in New York City. You can find more of her work on VicrinaEnVogue.com


Vicrina Aberdeen Host/Executive Producer Vicrina En Vogue

www.vicrinaenvogue.com vicrinaenvogue@gmail.com

VtheBlogger@thefashionaddicts.com

Ruffles:

Khaki:

Stripes:

Off the Shoulders (&Striped):

Pink:

Layers:

Opaque:

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The Resurrection of Gucci

You’d have to be sleeping under a rock if you haven’t noticed Gucci’s rise to fashion glory. Over the past few seasons, the rules of fashion have been single handedly dismantled as each collection has featured both men and women strutting in a playful assortment of ruffles, appliqués, hardcore footwear and bright colors, pushing boundaries to create an overall eclectic, gender-fluid display. A stark contrast from the craftsmanship centered and structured collections of the former Creative Director, Frida Gianinni, Gucci has become a brand that is intriguing to every style preference from preppy to street wear. And it’s all thanks to the current Creative Director, Alessandro Michele.

Holding true to Gucci’s roots, Michele has pulled from the vault icons like the Double G logo and revived the classics with his youthful, whimsical flair. Michele has somehow managed to create timeless collections all while tastefully juxtaposing modern street wear with trends from periods of the past, infusing his love for vintage.

After being the Head of Accessories at Gucci since 2002 and with Fendi under Karl Lagerfeld in the late 90’s, Michele was thrust into the spotlight in 2015 when Gianinni abruptly departed the label. The fashion world was left in shock and doubt as Michele’s design abilities had not been vetted and was seen as a careless risk for CEO Marco Bizzarri to take. However, the newly appointed director turned out to be the jolt that Gucci so desperately needed.

Named as 2016’s top fashion brand, Michele has not only rejuvenated the Gucci name and image, but has shaken up the fashion world with his unrivaled vision and foresight, proving he was worth the risk. The Creative Director’s “anything goes” approach has successfully relaunched the Italian label as one of the world’s most recognizable brands. Celebs like Beyoncé, Rihanna and Cardi B have been seen out and about rocking pieces from the latest collections. Guess you could say taking a chance on Michele was all worth it in the end.

Vicrina Aberdeen is a host, personal shopper, and digital content creator living in New York City. You can find more of her work on VicrinaEnVogue.com  

Vtheblogger@thefashionaddicts.com