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Fashion house Versace sells stake to Blackstone to fund growth

By Isla Binnie MILAN (Reuters) - Italian fashion house Versace is selling a 20 percent stake to U.S. private equity firm Blackstone <BX.N> for 210 million euros ($287 million), aiming to fund new shops and build on a recent recovery in sales before an eventual stock market listing. The family-controlled brand, which chose pop singer Lady Gaga to promote it last year, struggled for years following the murder of founder Gianni Versace in 1997.

Versace agrees to sell 20% stake in 210m-euro deal

Italian family-run fashion house Versace said on Thursday it had agreed to sell a 20-percent stake to US private equity firm Blackstone in a deal that values the group at 1.0 billion euros ($1.4 billion). The company said in a statement that Blackstone would inject 150 million euros of fresh capital into the label and will also buy 60 million euros' worth of shares from the family holding comipany, Givi.

Paris fashion gets sheer and luxurious for winter

Hyper-feminine dresses and skirts fluttered and sparkled on the Paris catwalks Wednesday with transparency, luxurious fabrics and elongated silhouettes standing out in collections by Damir Doma, Guy Laroche and Rochas. Doma's trademark tapestries were much in evidence on day two of the Paris collections for autumn/winter 2014/15 with looks including a long wrap skirt in mottled burgundy and blue and a one-sleeved shawl, pinned, kimono-like, over the bust.

Adidas pulls raunchy World Cup T-shirts at Brazil's request

BRASILIA (Reuters) - Adidas agreed on Tuesday to stop selling two raunchy T-shirts months ahead of the World Cup in Brazil after the government complained that they associated the country with sexual tourism. One shirt shows a bikini-clad woman with open arms on a sunny Rio de Janeiro beach under the word-play "Looking to Score." The other has an "I love Brazil" heart resembling the upside-down buttocks of a woman wearing a thong bikini bottom.

Young designers kick off Paris fashion

Paris fashion made a crisp start Tuesday with young designer Christine Phung's ski-themed collection getting a light covering of crystals to evoke starry skies and glistening mountain snows. In a winter palette of navy, grey and white, Phung conjured up rock, snow, ice and stars while cerise, plum and sky blue provided warmth. Accessorised with ski-goggles and skis, looks included burgundy pants teamed with an appliqued cashmere patchwork top and digitally printed pleated dresses that projected a sense of the heat from a roaring log fire.

Young designers kick off Paris fashion

Paris fashion made a crisp start Tuesday with young designer Christine Phung's ski-themed collection getting a light covering of crystals to evoke starry skies and glistening mountain snows. In a winter palette of navy, grey and white, Phung conjured up rock, snow, ice and stars while cerise, plum and sky blue provided warmth. Accessorised with ski-goggles and skis, looks included burgundy pants teamed with an appliqued cashmere patchwork top and digitally printed pleated dresses that projected a sense of the heat from a roaring log fire.

Armani ends fashion week, Chinese firm buys Krizia

Giorgio Armani closed Milan Fashion Week on Monday, as historic label Krizia said it was being bought by a Chinese firm and luxury giant LVMH announced a deal with a young Italian designer in key signs of change for the industry. Dressed entirely in black, Italy's 79-year-old fashion king bowed and applauded at the end of his catwalk show, which featured a sober colour palette with lime green linings and trimmings.

LVMH sets up joint venture with stylist Marco de Vincenzo

French luxury giant LVMH said Monday it was setting up a co-venture with Marco de Vincenzo to help the Italian fashion designer develop his brand. Its announcement did not give details of what proportion of the company LVMH would own. It said both parties were pleased with the venture, which Delphine Arnault, daughter of LVMH boss Bernard Arnault and second in charge of the Louis Vuitton unit, said in a statement showed LVMH's support of young creators.

Adidas to roll out new 'stadium' concept in retail drive

BERLIN (Reuters) - Adidas <ADSGn.DE> aims to replicate a sports stadium experience at flagship stores around the world, part of an effort by the German sportswear firm to make more direct sales, particularly in emerging markets. Adidas is the world's second largest sportswear maker behind Nike <NKE.N> and has been struggling as it loses market share to its leading competitor in Europe.

Fantasy and furs draw Milan fashion week to positive end

By Isla Binnie MILAN (Reuters) - Hooded models walked in an enchanted forest and fox-fur mixed with lambskin on Milan's catwalks on Sunday as the city's women's fashion week drew to an end in a positive mood. A frosty oak tree rose from beneath the stage in a flurry of snow at Dolce and Gabbana before models glided out in clothes stitched with squirrels, foxes and childlike flowers.
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