Michael Kors buys Versace in bid to rival the big European luxury conglomerates

American fashion brand Michael Kors Holdings has acquired Versace, one of the last independent European fashion houses.

The purchase of the Italian fashion label for £1.67 billion follows Michael Kors Holdings‘ acquisition of the shoe brand Jimmy Choo last summer for £900 million.

All three brands will now operate under a newly created company called Capri Holdings. This would seem to follow the model of European fashion conglomerates like Richemont, LVMH and Kering, that have consolidated many brands under one stable.

Donatella Versace, brother of founder Gianni Versace, and until now Versace’s vice president and artistic director, has committed to an unspecified creative role at the new firm.

“We believe that being part of this group is essential to Versace’s long-term success,” said Donatella Versace in a press release. “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.”

100 new Versace stores to open

Michael Kors Holdings stated that the move will allow them to further expand the Versace brand by opening 100 new stores. It also plans to expand men’s and women’s accessories and footwear, from 35 per cent of revenue up to 60 per cent.

“With the full resources of our group, we believe that Versace will grow to over $2 billion [£1.5 billion] in revenues,” said John D Idol, CEO of Michael Kors Holdings in a statement.

The takeover follows the refinancing of the company in 2014, when US private equity firm Blackstone took a 20 per cent stake in Versace.

In the intervening years, the family continued to own the majority of the business, divided between Donatella with a 16 per cent stake, Gianni’s brother Santo who held a 24 per cent stake, and the remaining 40 per cent owned by Donatella’s daughter Allegra.

Following the acquisition by Michael Kors Holdings, the Versace family will retain a £134 million stake in Capri Holdings. Blackstone has relinquished its stake in company.

It was initially thought that Versace would make a public offering rather than selling to a private bidder.

Versace criticised for not seeking Italian takeover

Versace has been criticised in the Italian press for not selling to an Italian company. However, Donatella Versace hit back at those claims in Corriere della Sera, an Italian daily newspaper published in Milan where the label is based.

“In the last year Versace has been approached by many people. French, American… but no Italians. It was not us who refused to take part in an Italian group,” she said to the paper.

The Italian fashion label was set up by Gianni Versace in 1978, and run by the designer until his murder outside his Miami villa 21 years ago.

Chanel remains the only majority privately owned large European fashion house, owned by the grandsons of Pierre Wertheimer, an early business partner of the house’s founder Coco Chanel.

The fortunes of Michael Kors Holdings contrast sharply with the fashion and homeware brand Orla Kiely, which last week shuttered its shops and called in the administrators following falling profits in a difficult retail landscape.

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Fashion sits alongside found objects at the Forte Forte boutique in Milan

Art director Robert Vattilana used expanses of pale marble, gauzy curtains and an array of curious ornaments to create a “dreamy” atmosphere inside fashion boutique Forte Forte, in Milan.

Forte Forte store by Robert Vattilana

The store is situated in the historic Brera district, an area of Milan recognised for its art galleries and selection of design boutiques. It is the first physical retail space for Forte Forte, which until now has exclusively sold women’s clothing and accessories online.

Brand co-founder Giada Forte turned to her partner, art director Robert Vattilana, to develop an aesthetic for the inaugural store, asking that it reflect the “tactile, atmospheric, and dreamy values” of the clothing items.

Forte Forte store by Robert Vattilana

Vattilana began by stripping back the site to an empty shell. Excluding a handful of partitions that have been painted jade green, the majority of surfaces have been clad in beige-hued travertine marble.

Grooved panels feature on the upper walls, while small pieces of the stone have been arranged to form a mosaic floor that’s dotted with offcuts of coloured glass.

“The primary concept was also to create an atmosphere capable of presenting and emphasizing the collection,” Vattilana explained to Dezeen.

Forte Forte store by Robert Vattilana

A gauzy, full height curtain has also been drawn across the store’s front display window. In front of the window sits a “sculptural curtain” comprised of thin brass wires that link together in a ladder-like formation.

It’s adorned with small globular sculptures by Italian glassware brand Massimo Lunardon, inside of which are contained seemingly random items like spindles of yarn.

Other items including lumps of coral, a nude sketch by Belgian artist Didier Mahieu, and a bust of the Roman goddess Venus that was sourced in a French foundry, have also been scatted throughout the space.

Forte Forte store by Robert Vattilana

Garments are hung from spindly brass rails, complemented by organically-shaped mirrors that are edged in gold-hued metal.

Peach carpet has been laid down in the store’s rear changing area, which has been designed to resemble a passenger cabin on a 1940s steam train – doors have been completed with portholes, while walls are upholstered with buttoned, blush-pink velvet.

Forte Forte store by Robert Vattilana

Similar to Vattilana, Swiss architecture practice Valerio Olgiati applied blue-tinged marble throughout a fashion store in Miami – they finished the space with pyramidal concrete columns and grey, suede-like furnishings.

Photography is by Paola Pansini.

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20th Century Fox just released the first trailer for Dark Phoenix, the upcoming twelfth installment in the X-Men film series. The film stars James McAvoy, Jennifer Lawrence, Michael Fassbender, Nicholas Hoult, Sophie Turner, and Jessica Chastain, and comes to theaters on February 14th, 2019.”In DARK PHOENIX, the X-MEN face their most formidable and powerful foe: one of their own, Jean Grey. During a rescue mission in space, Jean is nearly killed when she is hit by a mysterious cosmic force. Once she returns home, this force not only makes her infinitely more powerful, but far more unstable. Wrestling with this entity inside her, Jean unleashes her powers in ways she can neither comprehend nor contain. With Jean spiraling out of control, and hurting the ones she loves most, she begins to unravel the very fabric that holds the X-Men together. Now, with this family falling apart, they must find a way to unite — not only to save Jean’s soul, but to save our very planet from aliens who wish to weaponize this force and rule the galaxy.”..(Read…)

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Glasses that restore the taste of travel presented at Fubiz Talks 2018

L’été vient de se terminer, et efface avec lui son lot de longs voyages qui, pour beaucoup, représentent un véritable cauchemar. Le mal des transports est une affection très répandue, baptisée cinétose, qui touche de façon chronique plus de 30 millions d’Européens. Une personne sur trois en développe les symptômes au moins une fois dans sa vie.

C’est en partant de ce constat que la marque Citroën s’est lancée dans la création de lunettes anti-mal des transports : SEETROËN.

Les lunettes SEETROËN utilisent la technologie Boarding Ring inventée par cette start-up française. Ce dispositif paramédical, grâce au liquide coloré en mouvement dans les anneaux disposés autour des yeux, recrée la ligne d’horizon pour résoudre le conflit sensoriel à l’origine du mal. Les lunettes permettent ainsi à l’esprit de se resynchroniser avec le mouvement perçu par l’oreille interne.

Les lunettes SEETROËN sont le fruit d’une collaboration inédite entre trois corps de métier : l’idée et la communication avec l’agence Traction BETC, l’ingénierie avec Boarding Ring et le design avec le studio 5.5. Une conversation croisée autour de la genèse de ce projet unique qui rencontre un incroyable succès commercial aura lieu le 4 octobre prochain, Salle Pleyel, lors de la Masterclass Fubiz Talks.

Pour participer à cette matinée Masterclass des Fubiz Talks, rendez-vous sur la billetterie en ligne.

Vous pouvez également prendre part à l’après-midi de conférences en réservant vos places sur les billetteries de la Salle Pleyel, Digitick et la FNAC.




Five of the best architectural assistant roles available this week

Our selection of the five best architectural assistant roles available on Dezeen Jobs includes positions with Australian architecture firm Hassell and London-based architecture studio Haworth Tompkins.


Residential associate architect at Hassell

Architecture practice Hassell recently completed the University of Queensland’s Advanced Engineering Building in Brisbane, which features a louvred terracotta facade that helps to control levels of daylight within the building. The Australian firm is seeking a residential associate architect to join its team in Sydney.

View more roles in Australia 


Part 2 architectural assistant at Haworth Tompkins

Haworth Tompkins has an opportunity for a Part 2 architectural assistant to join its team. The London-based practice is behind Liverpool’s Everyman Theatre, which won the Stirling Prize in 2014.

View more Part 2 roles 


Part 2 architectural assistant at Tonkin Liu

Tonkin Liu is looking for a Part 2 architectural assistant to join its practice in London. Recent projects by the studio include the Sun Rain Rooms – an extension at the back of a Georgian townhouse in London, which features a curved opening in the roof that allows rain to fall through creating a reflective pool.

View more jobs in London 


Part 2 architectural assistant/architect at Moxon Architects

Moxon Architects’ recently completed a modernist-inspired cabin, which sits in the mountainous landscape of Scotland’s Cairngorms National Park. The firm has a vacancy for a Part 2 architectural assistant to join its practice in Aberdeenshire, Scotland.

View more jobs in Scotland 


Experienced Part 2 architects at Studio Seilern Architects

There are opportunities for experienced Part 2 architects to join Studio Seilern Architects in London. The practice’s recent projects include a timber and granite residence on a hillside overlooking a dam in Africa, featuring two overhanging timber-clad roofs.

View more assistant architect roles 

See all the latest architecture and design roles on Dezeen Jobs ›

The post Five of the best architectural assistant roles available this week appeared first on Dezeen.

Graphic designer Anthon Beeke dies aged 78

Dutch graphic designer Anthon Beeke, the creator of the 1969 Naked Ladies typeface, has passed away aged 78 following a stroke.

Based in Amsterdam, Beeke was renowned for his provocative poster designs that explored themes of love, sex and violence for clients including theatre groups Zuidelijk Toneel Globe and Toneelgroep Amsterdam, and the art fair KunstRai.

Beeke’s death on 25 September 2018 was confirmed in a statement.

“On Tuesday afternoon, September the 25, 2018, the esteemed Dutch graphic designer Anthon Beeke died in his home city of Amsterdam as the result of a cerebral infarction,” it read.

Born in 1940 in Amsterdam, Beeke learnt graphic design without any formal training. He worked as an assistant for designers including Ed Callahan in Germany, Janvan Toorn in The Netherlands, and Jacques Richez in France, before starting as an independent designer.

In 1976, he was made a partner at agency Total Design in Amsterdam, but left in 1981 to set up his own agency titled Studio AnthonBeeke.

Survived by his trend forecaster wife

He is survived by his wife, the renowned Dutch trend forecaster Lidewij Edelkoort.

“Anthon thought and acted absurdly. He loved the theatre and pantomime and could provoke the public like a cultural clown. His whole existence was shaped by graphic design,” Edelkoort wrote in her 2013 book, an hommage to Beeke titled It’s a Miracle.

“He is not only the poster boy of design but also the poetic image-maker, the naughty collector, the naive player, the avid photographer or the potent architect of collage layouts that are realised far before the cut-and-paste era,” she explained.

Among those paying tribute to the designer is Studio Roosegaarde, which wrote on Twitter, “R.I.P. Anthon Beeke, was amazing to work with you”.

Provocative designer and teacher

Some of Beeke’s best-known works include his erotic theatre posters for Toneelgroep Amsterdam and poster series for Amsterdam-based art fair the KunstRai, in which he portrayed his take on prominent cultural figures from the arts – including Daan Roosegaarde , Wim Pijbes and Gerardjan Rijnders – each dressed in personalised masks.

He founded and headed the Man and Communication department at the Design Academy of Eindhoven between 1985 and 1997, but continued working at the institution until 2008.

Many of Beeke’s designs have won awards, including the Amsterdam Award for the Arts, formerly known as the H.N. Werkman Prize, and the Frans Cocq Medal from the City.

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