Supermodel Iman launches Instagram Q&A series

Iman revealed the news in a short clip on her Instagram account. (Instagram)
Updated 29 August 2018
0

Supermodel Iman launches Instagram Q&A series

  • Iman has been widely praised for having led the way for the many models of color who have followed in her path
  • As my career progressed, I became the first black model to refuse to work for a lower wage than other girls, says the model

DUBAI: Somali-American supermodel Iman Abdulmajid has launched a new Instagram Q&A series called #DearIman in which she invites her 513,000 followers to ask the legendary fashion star anything and everything.

The series kicked off on Tuesday with an episode on everything beauty-related. Fans had to opportunity to ask the 63-year-old model about her skincare regimen, makeup tips and other secrets to her youthful glow.

She revealed the news in a short clip on her Instagram account, saying the new initiative was “an opportunity for you to ask me any question.”

One of the most iconic supermodels in fashion history, Iman has been widely praised for having led the way for the many models of color who have followed in her path.

In a recent interview with Vogue Arabia, she shared how she was discovered by photographer Peter Beard in Kenya in 1975 and recalls how she fought for equal pay as a model in the US.

“As my career progressed, I became the first black model to refuse to work for a lower wage than other girls. To me, I was providing the same service, so I had to be paid equally.”

Iman also spoke about reconciling her religion with her career.

“It is an oxymoron to have your foot in the modeling business and to call yourself a Muslim, but at the end of the day, you need to look in the mirror and feel good when you ask, am I doing the right thing?”

The icon has an beauty brand to her name, Iman Cosmetics, which she launched in 1994. 

“When you work in the industry, your looks are your currency. If you don’t have a good appearance, you won’t be booked again – and no one will blame the beauty team or the photographer. This made me start experimenting with makeup from an early stage. I would buy any foundation with pigment so I could mix and match,” she told Vogue Arabia earlier this year.

The widow of the late David Bowie has posed for iconic photographers, including Richard Avedon, Irving Penn and Helmut Newton.

The supermodel was scouted by photographer Peter Beard while she was a 20-year-old Somali refugee studying in Kenya in 1975. Her family were forced to flee their homeland due to a coup and initially settled in Kenya before traveling the world.


Michael Kors agrees to buy Versace for €1.83 billion

Updated 25 September 2018
0

Michael Kors agrees to buy Versace for €1.83 billion

MILAN: US fashion group Michael Kors has agreed to buy Versace in a deal valuing the revered designer at $2 billion including debt, the companies said on Tuesday, making it the latest Italian brand to fall into foreign hands.
Michael Kors, whose namesake label is best known for its leather handbags, has made no secret of its ambition to grow its portfolio of high-end brands after buying British stiletto-heel maker Jimmy Choo for $1.2 billion last year.
Versace, known for its bold and glamorous designs and its Medusa head logo, was one of a clutch of family-owned Italian brands cited as attractive targets at a time when the luxury industry is riding high on strong demand from China.
“We believe that the strength of the Michael Kors and Jimmy Choo brands, and the acquisition of Versace, position us to deliver multiple years of revenue and earnings growth,” John Idol, chairman and CEO of Michael Kors said.
As part of the deal, Michael Kors agreed to buy all of Versace’s outstanding shares for a total enterprise value of €1.83 billion ($2.2 billion), to be funded in cash, debt and shares in Michael Kors Holding Ltd, which will be renamed Capri Holdings Ltd.
US private equity firm Blackstone, which bought 20 percent of Versace back in 2014, will fully exit its investment.
The Versace family, which currently owns 80 percent of the fashion house via a holding company called Givi, will receive €150 million of the purchase price in Capri shares.
“We believe that being part of this group is essential to Versace’s long-term success. My passion has never been stronger,” said Donatella Versace, sister of the company’s late founder, and artistic director and vice president of the Milan-based group.
After the deal, Versace CEO Jonathan Akeroyd will remain at the helm of the company, while Donatella Versace will “continue to lead the company’s creative vision,” Idol added.
The deal is expected to close in the fourth fiscal quarter, subject to regulatory approvals.
Michael Kors said it plans to grow Versace’s global sales to $2 billion globally, boost its retail footprint to 300 stores from around 200 at present and accelerate its e-commerce strategy. It also plans to raise the share of higher-margin accessories and footwear to 60 percent of sales from 35 percent.
Versace does not disclose its financial details, but documents deposited with the Italian chamber of commerce show that last year it posted sales of €668 million and earnings before interest, tax, depreciation and appreciation of €45 million.