American fashion brand Michael Kors Holdings has acquired Versace, one of the last independent European fashion houses. More about Michael Kors buys Versace in bid to rival the big European luxury conglomerates
The New York City Economic Development Corporation is searching for prospective candidates to take over management of the annual NYCxDesign festival. More about NYCxDesign organisers look for new management
Irish designer Orla Kiely has ceased trading both online and at her company's three physical stores in London and Ireland. More about Retro-inspired fashion and homeware brand Orla Kiely goes into administration
Scandinavian lighting brand Louis Poulsen has been acquired by Investindustrial, an Italian investment firm that also owns Flos, B&B Italia and Oka. More about Louis Poulsen becomes latest design brand sold to Investindustrial
Digital agency AKQA has purchased a majority stake in two companies set up by Barber and Osgerby: Universal Design Studio and Map. More about Barber and Osgerby sell stake in Universal Design Studio and Map
Co-working company WeWork has announced Danish architect and BIG founder Bjarke Ingels will join the company in the role of chief architect. More about Bjarke Ingels joins WeWork as chief architect
Dutch architect Ben van Berkel of UNStudio has launched UNSense, a startup that will develop technologies to make buildings healthier and cities smarter. More about UNStudio launches tech startup UNSense to drag architecture into "the age of the iPhone"
Scandinavian brand Muuto has been bought by US company Knoll, in a deal that aims to see the company's business double within the next five years. More about Knoll purchases Muuto in 0 million deal
Christopher Bailey is to step down as chief creative officer and president of Burberry, after almost two decades at the brand. More about Christopher Bailey bows out of Burberry after 17 years
The Norman Foster-designed European headquarters for Bloomberg "sends a clear message to the world" that the UK capital remains a centre for global investment, said Sadiq Khan. More about Fosters + Partners-designed Bloomberg headquarters is a "vote of confidence in London"
The Hyperloop One transport company has been renamed Virgin Hyperloop One, following a major investment from Richard Branson's company. More about Richard Branson revealed as major investor in Hyperloop One
The UK's Design Council has weighed in to the debate about the declining number of students taking creative subjects, describing the situation as "not sustainable for design businesses or the UK economy". More about Falling number of students studying design "not sustainable" for UK economy, Design Council warns
Industrial designer and creative entrepreneur Simon Waterfall has been named creative director of Airbnb's recently launched design and innovation studio Samara. More about Simon Waterfall named creative director of Airbnb's new design and innovation studio
A new lobbying body called Fashion Roundtable has been formed to try to influence the UK government during Brexit talks. More about Lobbying platform for UK fashion industry launches to influence Brexit negotiations
The UK government should fund the development of creative clusters around the country to make the creative industries less London-centric, less white and less middle class, according to an independent review of the sector conducted by TV executive Peter Bazalgette. More about Creative careers seen as "worse than drug dealing or prostitution" says Peter Bazalgette
Sarah Douglas has replaced Tony Chambers at the helm of British design magazine Wallpaper*, making her the first female editor in the publication's 21-year history. More about Sarah Douglas appointed editor of Wallpaper* magazine
Business is booming for American architecture firms, who say staff salaries are going up as workloads increase and the country's economy makes progress, following a report released by the AIA. More about US architects see salaries rise as economy strengthens
Design bodies are consulting their members on what the UK's immigration policy should look like post-Brexit, after the government invited business sectors to submit their views on the subject. More about UK government calls for industry input on post-Brexit immigration system
Getting paid on time, finding time to have children and dealing with long-hours culture were among topics discussed by executives from BIG, Zaha Hadid Architects and Design Haus Liberty at a business talk hosted by Dezeen in London last month. More about "Don't spend money you don't have" and "don't be afraid to be an asshole," architects advised
World-renowned Paris boutique Colette has announced it will close at the end of the year, to be replaced by a new branch of global brand Saint Laurent. More about "Trendiest store in the world" Colette to close after 20 years