Reuters
source: Reuters
New York-listed digital retailer REVOLVE Group (RVLV.N), opens new tab on Monday unveiled a joint venture with Donatella Versace to create a new beauty and fashion business targeting younger consumers.
News of the partnership comes as luxury goods group Prada works to relaunch the Versace brand, which it acquired in 2025 for about €1.3 billion ($1.5 billion).
Prada in February hired as creative director Pieter Mulier, formerly at Richemont-owned (CFR.S), opens new tab Alaia. Mulier is due to present his first collection early next year.
REVOLVE said the “venture will bring Donatella’s unmistakable creative point of view to an entirely new online platform.”
The group added it would combine “her decades of influence across fashion, music, entertainment and popular culture with REVOLVE’s digital-first approach, global community and ability to turn cultural conversation into commerce.”
With €1.2 billion ($1.4 billion) in sales last year, REVOLVE markets itself as “the next-generation fashion retailer for Millennial and Generation Z consumers”, offering apparel, footwear, accessories, beauty and home products through its website and mobile apps.
