Versace created a pair of leather boxing gloves, which have a price of $3,126 and are currently available to consumers. The pair has black and gold colors, as well as a flower design that runs throughout the gloves. Versace's leather boxing gloves are entirely comprised of lamb leather, and the pair is unisex.
The company has a history of creating luxury sportswear, previously Versace launched a pair of boxing shorts. The brand also created a racing jacket inspired by Ford. Versace's leather boxing gloves mark another instance of the brand designing items for the luxury sportswear market.
As recreational boxing is gaining popularity, the company could look to further add to its luxury boxing gear in the future.
Luxury Flower-Printed Boxing Gloves
Versace Created a Pair of Gold and Black Leather Boxing Gloves
Trend Themes
1. Luxury Sportswear - Creating sportswear that is made from premium materials and designs that cater to a luxury market will attract those consumers who value exclusivity.
2. Designer Athletic Gear - Collaborating with well-known designers to create athletic gear that looks fashionable can appeal to a wider range of consumers who want to stay on-trend.
3. Recreational Boxing - As the sport of boxing becomes more accessible to casual hobbyists, creating high-end gear that is aimed at this expanding market will find great opportunities for increasing revenue.
Industry Implications
1. Fashion - The crossover from fashion to sportswear can be a lucrative strategy for companies to expand their product lines and attract new customers.
2. Athletic Equipment - Creating high-end athletic gear that reflects current fashion trends can set a company apart and create a niche market that many other companies may not be willing or able to enter into.
3. Recreational Sports - As more people are getting into recreational sports like boxing, there will be increased demand for specialized equipment in these markets, and companies who act quickly may find themselves with a large share of that market.