It was a year of highs, lows, and some strides of progress in the fashion industry. From fashion activism to more diverse runways and conversation-starting red carpets, 2018 brought about some positive change in the fashion world. But there were also some notable controversies and the loss of several prominent design icons as well. As the year comes to an end, we're taking a look back at all the biggest moments that meant the most in fashion.
17. Michael Kors Acquires Versace
In one of the year’s most shocking pieces of fashion news, Michael Kors bought Versace in a $2.1 billion deal. In its acquisition of the iconic Italian fashion house, the Michael Kors Holdings fashion group changed its name to Capri Holdings. Donatella Versace, who will remain the brand’s creative director, said in a statement, “We believe that being part of this group is essential to Versace’s long-term success. My passion has never been stronger. This is the perfect time for our company, which puts creativity and innovation at the core of all of its actions, to grow.”