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Michael Kors set to acquire Versace for $2.1 billion

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London, Sep 26: Popular Fashion designer Michael Kors is all set to acquire the Italian fashion house ‘Versace’ for $2.1 billion. 

Kors dubbed the purchase as a milestone in its expansion plans.

The deal, which would end the independence of one of the last prominent stand-alone fashion brands, is the biggest effort yet by Kors to build an empire, nytimes.com reported.

The fashion tycoon told media that the firm will change its name to Capri Holdings Limited after the deal is concluded.

The Michael Kors brand had its roots in the “middle market” of the luxury sector and relied on outlets and department stores. But mall traffic saw a decline in North America – which is considered as Kors’s biggest market – and shoppers were changing too, increasingly demanding brands at the extreme of the style and price spectrum.

Purchasing Versace, led by artistic director Donatella Versace, is part of the company’s strategy to attract more big spenders and find more loyal customers in European and Asian countries.

Last year, Kors acquired designer Jimmy Choo for 896 million pounds or $1.2 billion at current exchange rates.

“There are very few people you meet and say, ‘I have to work with this person and be a part of their life.’ I had that immediately with Donatella Versace,” stated John Idol, Chief Executive and Chairman, Michael Kors.

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Fashion

Bigg Boss 14: Tujhse Hai Raabta actor Sehban Azim CONFIRMS being approached for the show

Bigg Boss 14 is round the corner and Sehban Azim reveals that he was indeed approached for the show

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Bigg Boss 14 is one of the most anticipated reality shows of all time. The show is all set to premiere on October 3 and there are a lot of speculations around the contestants who will be entering the house.

TV actor Sehban Azim is seen in a new project which released today. The project is a bit different as it’s a short film.

Bigg Boss 14 is round the corner and the actor reveals that he was indeed approached for the show. “I did get a call from Bigg Boss 14, but I avoided it for the time being. I respect people who are a part of the show. It takes a lot of courage. I don’t think I have it in me.”

He goes on to explain, “I have told no to Bigg Boss as I don’t understand the show. I haven’t said no to reality shows in general. The thing is you (as a viewer) don’t know what is happening (in Bigg Boss). You don’t know where they will take the story and how much they are showing. They shoot for an entire day and show footage of only 30 minutes or so. The truth is sometimes very different. The makers show the viewers things that the viewers want to see. So while you are doing a reality show, in the end you are just a puppet because they will decide what they want to show.”

The actor adds, “In a TV show, I have to play a character. You give me a character from a show and I know that I have to play it. You give me a script and I will keep on playing it. That I understand. But if you tell me that you are Sehban and we will make you do things and we will put less salt in your food so that you react and get angry, that I don’t get. So they bring the actor to that level in which he/she feels troubled. So why do I get into that situation? I know fame and money are necessary but it’s not that necessary that I get into tough situations. I want to avoid it.”

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Yami Gautam makes kajal with ‘ghar ka ghee’

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Yami Gautam

Mumbai, Sep 11 : Yami Gautam is making innovative use of her time at home during lockdown. On Friday, the actress shared on Instagram that that she has learnt to kajal (kohl) the way her grandma used to do it.

“Having patiently observe my Naani as she would make ‘Kaajal’ at home for us girls, whenever we would visit her during summer holidays, has left me with some really sweet memories- the fresh scent of the burnt oil wick, smeared with ghar-ka ghee & then stuffing it in a small antique container, which I still posses,” Yami wrote.

“Finally, made ‘kaajal’ myself today & the feeling took me back to those innocent & much-treasured memory lanes,” she shared.

Along with it, she posted a picture of flaunting kohled eyes.

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Alaya F: Once I set my mind to something, I’ll do it

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Alaya F

Mumbai, Sep 11 : Young actress Alaya F is looking back at her training days as she says she is still learning and growing.

“A lot of things in my training have been very, very hard for me and haven’t come necessarily naturally to me, but I’m still learning and still growing and I still have a long way to go from where I want to be,” she said.

“I think all my teachers have said this to me, that I am very stubborn because once I set my mind to something, I will do it no matter what. And even if I give up on it for like one day, the next day I’ll come back and want to do and want to do it even better,” she added.

Alaya had made her silver screen debut with “Jawaani Jaaneman” this year.

The actress often takes to Instagram to share how she keeps challenging herself. She recently posted how she stepped out of her comfort zone for a fun dance.

Sharing a video of her dancing, she had posted on Instagram: “Tried to do a fun choreography in pencil heels with no cuts at all just push myself out of my comfort zone a little.”

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