Posts Tagged ‘Michael’

Michael Kors Acquires Versace for $2.1 Billion USD

Milanese fashion house Versace is reported to be sold to the tune of $ 2 billion USD later this week, according to a report from Italian publication Corriere della Sera. The newspaper is reporting that Donatella Versace has called a staff meeting for Tuesday where an official announcement will be made.

It has been stated that Michael Kors is the lead suitor for the potential purchase, with Tiffany & Co. as a close second. In recent months, Tapestry, the company that owns Coach, has been in talks with Versace to build a US-based multi-brand fashion conglomerate similar to Paris-based LVMH and Kering, respectively. This move could be the first step towards that destination.

Upon purchase, it’s said the Versace family will still play a role in the company. At this time it’s unclear in what capacity. Blackstone Group LP, who purchased 20 percent of Versace in 2014, plays a part in this deal as well. However, much like Versace’s currently unknown role following a subsequent purchase, it’s unclear if the private equity firm will maintain or sell its stake in Versace.

Donatella Versace and her brother, Santo Versace, have essentially run the company since 1997 when their brother Gianni was murdered. Donatella acts as the company’s lead creative director while Santo works as a company chairman.

Jonathan Akeroyd, Versace’s Chief Executive Officer since 2016 when he was lured away from Alexander McQueen, has been preparing the company for an initial public offering. A Versace IPO has not yet come to pass.

Versace has recently been the toast of sneaker culture given its budding Chain Reaction silhouette conceptualized by former YEEZY designer Salehe Bembury. Since becoming the Head of Sneaker Design at Versace in fall 2016, Bembury has heightened the brand’s sneaker profile tenfold. It’s uncertain if or how his role will change if the company is purchased by Kors or Tiffany.

The former, Kors, last year purchased Jimmy Choo for $ 1.2 billion. The acquisition was the first beyond its namesake brand.

Update 9/25: It’s official. Michael Kors has acquired Italian fashion house Versace for $ 2.12 billion USD. They will also take on Versace’s debts. Much of the transaction will deal in cash and close in the fourth quarter of 2019. The buying price of $ 2.1 billion is over two times more than Versace’s current value.

Lead Image: Hypebeast


Michael Jordan’s Wife Has Some Very Rare Air Jordan 1’s

Anyone is Michael Jordan‘s immediate family is particularly privy to Air Jordans of all types. His wife, Yvette Jordan, probably has the best access of all. That notion is proven today when she debuted a one-of-one Air Jordan 1 “Banned” wedge custom.

SoleFly, a shop owned by Yvette’s brother, teased the image of Mrs. Jordan in the shoe which highlights wedge tooling similar to the Nike Dunk Sky Hi silhouette. Jordan Brand hasn’t much tinkered with this build on their sneakers, but it seems that what Yvette Jordan wants, Yvette Jordan gets.

What do you think of this take on the Air Jordan 1? Grab a better look below and share your thoughts.

Air Jordan 1 "Banned" Wedge Custom
Air Jordan 1 “Banned” Wedge Custom


Throwback Thursday: Michael Jordan Scores 51 at Age 38

It was literally just weeks after I started working retail at Athletes World in the spring of 2001 that there were rumors and rumblings of another Michael Jordan return to the NBA.  Working commission sales at a shoe store, the rumor was gold for an ice breaker to spark up a conversation with customers – especially basketball fans.

I distinctly remember many who said that he shouldn’t come back and that leaving the game in 1998 was so poetic that any return couldn’t possibly top it. But as a kid who only knew of the game of basketball during Jordan years, any extra extension of time seeing him on-court was worth it to me no matter what.

Michael Jordan had already accomplished anything and everything an NBA player ever could.  He was the greatest of all time – there was nothing he needed to prove, but he wasn’t done.

After announcing his return and donating his entire 2001-02 salary to September 11 relief efforts, Michael Jordan had fans lined up for tickets hoping for one more glimpse of the game’s greatest player.

Working day in and day out through high school at Athlete’s World, the once echoed questions of “why are Air Jordans colored in white and navy” all of a sudden were laid to rest and I distinctly remember “Wizards” colored Air Jordan 16s and the “Gingers” he wore in his first preseason game getting looks despite their $ 239.99CA price tag.

As a fan of Michael Jordan, I of course wanted to see him shine and prove every naysayer wrong, but I was realistic with my expectations.  At 38 years of old, MJ was double the age of many of the NBA’s rookies who came straight out of high school.  Father time was not on his side.  But every chance that I got to catch one of his games on TV, I watched in hopes that I would witness history like I had so many times since I was a kid.

Only 9 games into the season, Jordan recorded 44 points against the Utah Jazz. Despite the Wizards losing that game, it was great to watch MJ do damage against a team he had some history with during the second three-peat.  That game was a wake-up call to many – Michael Jordan has still got it.  While it was not quite the double-nickel like return we saw at Madison Square Garden, 44 points for a man less than two years from his 40th birthday was quite an amazing accomplishment.

Struggles hit the team in the first month of the season, but Michael Jordan helped right the ship and lead the Wizards to match a franchise record winning-streak of nine games in December.  Unfortunately, the streak stopped short falling to the Charlotte Hornets in his home state of North Carolina followed by Michael Jordan’s worst performance in more than a decade and a half.  Six points was all the MJ put up while visiting the Indiana Pacers ending a consecutive run of 866 games with double figures in points scored.

After the game, Michael Jordan spoke about his poor performance where he went just 2 for 10 in shooting and didn’t score a single point in the second half in the Wizards’ 27-point loss.

”I’m not here chasing any individual accolades.”

With just a travel day of rest, Michael Jordan took the court in DC and was ready – and he made history again.

Michael Jordan took the first shot of the contest against the Charlotte Hornets when they faced off in DC and put up a franchise record  24 points in the first quarter and 34 points by the end of the first half.  He would go on to cross the 50 point mark for the first time as a Wizard and at the age of 38 ended the contest with 51 points.

Wearing the Air Jordan 17 just shy of two months ahead of its February 2002 release, Michael Jordan once again proved he was the greatest even when we already knew he was.

It was on this day, fifteen years ago, that Michael Jordan would score his last 50+ point game.  At age 38 and more than fifteen years after his first, it was one that helped define his legacy even further as the greatest of all time.


Michael Jordan Autographed Pairs of the SoleFly x Air Jordan 16 “Art Basel”

The hype surrounding the SoleFly x Air Jordan 16 “Art Basel” release just peaked with news that select pairs of the shoe will be autographed by Michael Jordan himself.

This limited edition release is scaled to just 1,500 pairs, some of which will be signed by its namesake figure. The autographed pairs will be random, although SoleFly hasn’t indicated how many of the 1,500 pairs will feature MJ’s signature.

Those looking to score tomorrow’s release can stop in SoleFly today for a chance to reserve a pair to purchase on Saturday, December 3. It also looks as though their will be a small online release the following day on December 4.

For more details on the SoleFly x Air Jordan 16, check here.

SoleFly x Air Jordan 16 “Art Basel”

Colorway: White/Retro-Pink Flash
Style #: 854256-119
Release Date: December 3, 2016
Price: $ 275

SoleFly x Air Jordan 16 "Art Basel"
SoleFly x Air Jordan 16 “Art Basel”


Tobie Hatfield Details Michael Johnson’s Iconic Olympic Gold Nike Spikes

words & interview // Nick DePaula:

Dramatically bold, iconically confident, yet still rooted in performance.

When Michael Johnson took the track in Atlanta at Centennial Olympic Stadium for the 1996 Summer Games, there was an instant feel buzzing through the 85,000 capacity crowd and the global audience of millions watching on TV that a new bar had just been set.

12 Aug 1996: Sprinter Michael Johnson poses for a studio portrait with his two Olympic gold medals and his golden running shoes. Johnson became the first man to complete the Olympic "Golden Double" after winning both the 200m and 400m finals at the 1996CNot only did Johnson go on to a blazingly fast sprint to a Gold Medal win in both the 200 and 400-meter races — the first man ever to win both events in the same year — but the bar had also been set with his spikes, a gleaming all-gold personification of athletic arrogance in cleat form.

Leading up to the Olympics, Johnson’s initial request was simple.

“The idea behind [the gold spikes] was to develop a shoe to my specifications: I wanted it extremely lightweight, I wanted it to be extremely stable, I wanted it to work with my foot. Specifically, with how my foot was interacting with the track in the 200 meters as well as the 400 meters, around the bend and down the straight,” Johnson outlines. “And I wanted it to look very cool.”

To execute against Johnson’s insights, Nike assigned an up and coming innovation designer in Tobie Hatfield to the project. It was his first high level task since joining the brand in 1990 — create the lightest cleat possible for Johnson to win Olympic Gold — no pressure.

“I’m so very fortunate and blessed to have Michael as really my first high profile elite athlete to work with,” Hatfield beams now, twenty years later. “He kind of taught me how to understand and ask the right questions, for the athletes that came after him. He’s such a professional and he understands exactly what he was needing and wanting.”

As he does with all athletes at the onset, Hatfield first listened. Johnson was used to running in Nike’s then-most innovative products, but unlike other sports, where athletes might request more cushioning, more support or more traction, Michael wanted less. Less of everything.

Michael Johnson Nike Gold Olympic Spike 1996 8 B

“The first thing was, ‘I want every single gram out of there that’s not needed.’ He wanted the most minimal, and he was pushing the envelope on lightweightness, that even [Nike co-founder] Bill Bowerman would’ve been very proud of. I know he would’ve been proud,” Hatfield recalls. “Bill Bowerman once said, ‘The perfect track spike would be putting nails in the bottom of your feet.’ [laughs] That’s it, just for traction. That’s pretty minimal, but painful too. [laughs]”

1200 Michael Johnson Nike Gold Olympic Spike 1996 3Throughout the mid-90s, Johnson and Hatfield worked away through prototypes, and the resulting shoe was dramatically simple. Two panels on each side of the upper were connected by a sliver strip of material atop the toe and a single row of stitching along the heel.

Swoosh logos were then affixed along the midfoot for marquee visibility on the global Olympic stage. After a series of fit tests, the final pair that Johnson ran in was actually made in mismatched sizes, a right size 11 and a left size 10.5.

“We worked for about a year and a half to make this shoe accomplish all of [our] objectives,” says Johnson. “Then I asked Tobie Hatfield: Can you make it in gold? And he said: ‘Yeah, absolutely.’ I don’t think they really thought I was serious. Then it kind of dawned on them: ‘He’s really going to wear gold shoes.’”

In the prior 1992 Olympics in Barcelona, Nike assuredly sprinkled gold as a minimal accent color on white-based basketball sneakers worn by the Dream Team, like Michael Jordan’s Air Jordan VII, Charles Barkley’s Air Force 180 and David Robinson’s Air Ballistic Force.

26 Jul 1996: Michael Johnson of the USA rounds the final bend of the men's 400m qualifying round at Olympic Stadium at the 1996 Centennial Olympic Games in Atlanta, Georgia. Johnson finished first. Mandatory Credit: Mike Hewitt /AllsportThis took things to an entirely new place.

“Opting for gold shoes could have been considered downright cocky,” Johnson wrote in his book, Gold Rush. “But I was confident and never doubted my ability to deliver gold medals to match my shimmering footwear.

“Could have” is putting it lightly. All these years later, some felt the gleaming gold footwear was glorified guerilla marketing that Ad Week has even said ruined Olympic marketing forever. The IOC soon after adopted a new set of guidelines for its official and unofficial marketing partners, in response to several marketing initiatives that Nike capitalized on at the ’96 Games, without paying a penny towards official IOC marketing rights.

Now two decades and five Olympics later, Michael Johnson’s gold spikes still stand as one of Tobie Hatfield’s proudest moments with the brand.

“It was just awesome to experience that as my first high level, elite athlete project,” Hatfield says graciously. “Obviously, it worked out really well with him winning the two Golds in Atlanta. It also set the bar and set the tone for everything after that. How do you top that?”

Ever since, we’ve seen Nike and several other brands outfit their Olympic athletes in gold footwear. The 2000 US Olympic basketball team became the first team to wear special edition sneakers when they broke out Navy and Gold kicks for their Gold Medal game in Sydney. Several sprinters have since emulated the all gold spikes with a variety of brands, but none have quite lived up to the flair and unexpectedness of Johnson’s 1996 spikes.

As Hatfield, now the Senior Director of Athlete Innovation at Nike, looks back on that time, there’s a sense of pride for not just how dramatic the all gold look was in the moment, but also in how the spikes carried on the early legacy of the brand’s approach to performance. “Cutting my teeth on innovation with Michael, those were great days for me to feel a little bit like Bowerman and what he was trying to do in the early days of Nike,” he smiles.

P97-0086  Michael Johnson Nike Gold Olympic Spike 1996 2  P97-0086-A DETAIL2Michael Johnson Nike Gold Olympic Spike 1996 7Michael Johnson Nike Gold Olympic Spike 1996 4 B


Golden Boy: Michael Phelps – GQ, 2008

Golden Boy: Michael Phelps – GQ, 2008


Michael Jordan Donates $5 Million to National Museum of African American History and Culture

Michael Jordan‘s unwavering philanthropy persists today as the hall of famer unloaded a hefty sum onto the National Museum of African-American History and Culture.

According to a report from the Washington Post, Jordan donated $ 5 million to the Washington D.C. museum. Moreover, his former team the Chicago Bulls donated a Jordan jersey from the 1996 NBA Finals.

The Post also reports that the museum will name a sports section of African-American themed space the Michael Jordan Hall. Jordan had this to say about this new development:

“I am grateful for the opportunity to support this museum. I also am indebted to the historic contributions of community leaders and athletes such as Jesse Owens, whose talent, commitment and perseverance broke racial barriers and laid the groundwork for the successful careers of so many African-Americans in athletics and beyond.”

Jordan has been extremely active as of late with both his words and his pocketbook. He recently donated $ 1 million each to both the International Association of Chiefs of Police’s Institute for Community-Police Relations and the NAACP Legal Defense Fund. He also made a statement regarding the killings of blacks by police officers and that of the slain police officers in Dallas last month.


Michael Jordan, New York, 1993

Michael Jordan, New York, 1993


Michael Jordan’s Son Responds To Kanye West’s Statements in #FACTS

The internet was stirring as soon as Kanye West released his Nike/Jordan diss track, #FACTS, on New Year’s Eve.  While there has been no official response from the Beaverton, OR based sportswear giant or Jordan Brand, there was a reply from Michael Jordan’s son – Marcus Jordan.

RELATED: Facts vs. Fiction of Kanye West’s #FACTS

Just a short while ago, Marcus Jordan tweeted the following followed by a good gif of his pops.

I am sure this is not the last we will hear of Nike/Jordan vs. Adidas/Kanye in 2016…

Michael Jordan and Kanye West (Photoshop by Nice Kicks)

Michael Jordan and Kanye West (Photoshop by Nice Kicks)

Michael Jordan laughing holding a pair of Yeezys (photoshop by The Shoe Game)

Michael Jordan laughing holding a pair of Yeezys (photoshop by The Shoe Game)


Michael J. Fox Visits Jimmy Kimmel Live in 2015 Nike MAGs

Back to the Future Day festivities continued last night as Michael J. Fox visited Jimmy Kimmel Live. Arriving in a DeLorean with Christopher Lloyd, Fox made light on the movie and the current times in an opening sketch, sporting Marty McFly garb including the recently released NikeLab Bruin.

After the break, Fox sat down with Kimmel, wearing the Nike MAG 2015 and discussing the iconic movie. Check it out in the clips below.


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