• Michael Kors shares sink amid Versace rumors

    22 days ago - By New York Post

    This outfit looks a little flashy for Michael Kors. Shares dropped Monday on reports that the US-based designer of affordable handbags is eyeing a $2.35 billion acquisition of Italian fashion house Gianni Versace. Shares of Kors sank 8.2 percent, to $66.71, with some analysts fretting that Kors would be taking on more than it can...
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  • How Michael Kors Will Grow Versace

    How Michael Kors Will Grow Versace

    22 days ago - By WWD

    Michael Kors Holdings Ltd. appears to be taking a major step to becoming a global luxury fashion group with its purported deal to buy Versace for about 2 billion euros. And if Kors follows its usual playbook, the focus in growing the iconic Italian brand will be on accessories.
    The deal could close as early as today, sources said.
    The Versace family will maintain a role in the company, sources said, although it could not immediately be learned what will be the exact nature of their involvement.
    Kors buying Versace confirms a report in WWD Monday that the Italian fashion brand was close to...
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