Donatella Versace Will Style Jennifer Lopez For Met Ball; Plus She Speaks On Her Givenchy Campaign & Company’s Plan For An IPO

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PARIS, FRANCE - JULY 06:  Donatella Versace and Jennifer Lopez attend the Versace show as part of Paris Fashion Week - Haute Couture Fall/Winter 2014-2015 on July 6, 2014 in Paris, France.  (Photo by Foc Kan/WireImage)

The above image is Donatella Versace and Jennifer Lopez at the Versace Show at Paris Fashion Week-Haute Couture FW 14/15.

Last night Thursday (April 30), Italian fashion designer and current Vice President of the Versace Group, as well as its chief designer Donatella Versace gave an one-on-one interview with former CNN host Alina Cho at the Metropolitan Museum of Art.

During her interview, Versace discussed the upcoming Met Ball, her company’s plan for an Initial Public Offer (IPO) and styling pop singer Jennifer Lopez for the Met Ball.

Versace on styling Lopez for the upcoming Met Ball:

Versace announced that she would be dressing Lopez once again for this year’s Met Ball on Monday, though the gown is not yet complete and three seamstresses have been flown over from Milan to help finish it. Versace, for her part, will be wearing a dress that incorporates the emoticons shown in her fall 2015 ready-to-wear line with Chinese symbols.”

Versace on starring in Givenchy’s upcoming ad campaign here:

Though Givenchy is arguably a competitor, Versace said she did not hesitate when Givenchy Creative Director Riccardo Tisci asked her to pose for the campaign, which was styled by Carine Roitfeld. “Riccardo said, ‘I’m afraid to ask you, I know you’re going to say no, but would you accept to be the face of Givenchy?'” Versace recalled, adding that Tisci paid her the compliment of saying she had been his inspiration for many years. “In fashion you have to break rules,” she observed. ‘We did a bold and brave statement together.'”

Versace on her decision to sell a 20 percent stake in the company to Blackstone for $205 million early last year:

I always say I will never give [up so many shares] that I’m not in control of [the company], so 50 percent I keep control [of],” Versace said. “But meeting [Blackstone Chairman and CEO] Steve Schwarzman opened a whole new world to us… In only one year, we opened 15 more stores between Versace and Versus.” “Versace noted that the company has expanded into several new categories over the past few years, including home goods and timepieces, and together they are concentrating on completing five strategic points before the company stages an initial public offering (IPO). One area of focus is making the lines between Versace’s various brands — haute couture, Versace collection, Versus, etc.” — more distinct, she said.

Photo Credit: Foc Kan/WireImage

Source: Fashionista

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