Versace fans are begging Donatella Versace to reconsider sale to Michael Kors
Accessory design giant Michael Kors on Tuesday purchased Italian luxury brand Versace for $2.1 billion, reports The Washington Post, and some Versace fans are not happy.
The luxury brand, founded by Gianni Versace in 1978 and currently helmed by his sister Donatella, sells high-end goods that often sell for five times as much as Michael Kors' sportswear items, says The Associated Press. When rumors of the sale began to swirl, Versace loyalists revolted, saying Kors would "ruin" or "kill" the brand. Some begged the brand to reconsider, writing, "think about what Gianni would want, Donatella ... please."
Article continues belowThe Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"STAY AWAY FROM VERSACE," said one Twitter user, echoing the sentiments of many others who said Kors would diminish Versace's "heritage" and "Gianni's memory." Others directly attacked Kors' designs as "tacky," and worried that Versace would "go from high-end luxury" to "duty-free cheap s--t you buy at the airport."
The Versace family, for their part, called it "a very exciting moment," reports USA Today, and said the sale "will allow Versace to reach its full potential." Read more at The Washington Post.
