• Michael Kors Buys Versace for Over $2 Billion: 'This Is a Very Exciting Moment for Versace'

    22 days ago - By Celebrity Babies

    Michael Kors Holdings Limited, the luxury fashion group which includes Michael Kors and Jimmy Choo, is expanding its global reach with the $2.12 billion acquisition of Versace - and Donatella Versace will remain at the helm of the high-fashion Italian label she helped build with her family.
    As part of the expansion process, the company will change its name to Capri Holdings Limited, and plans to open 100 more stores, according to Business Wire. The new name “is inspired by the fabled island which has long been recognized as an iconic, glamorous and luxury destination,” the press release...
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  • Michael Kors buys Versace for $2.2 billion

    Michael Kors buys Versace for $2.2 billion

    22 days ago - By New York Post

    US fashion label Michael Kors has agreed to buy Versace in a deal valuing the revered designer at $2.2 billion, 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...
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  • Michael Kors buys Versace for £1.6bn

    Michael Kors buys Versace for £1.6bn

    22 days ago - By Drapers

    Following yesterday's rumours, American luxury group Michael Kors Holding has bought Italian fashion house Versace.
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  • Michael Kors Is Buying Versace for $2 Billion

    22 days ago - By Glamour

    Michael Kors confirmed that it would be acquiring Versace for an estimated $2.12 billion.
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  • Capri Holdings announces strategic plans to grow Versace

    Capri Holdings announces strategic plans to grow Versace

    22 days ago - By Fashion United

    Capri Holdings, the newly renamed Michael Kors Holdings, has confirmed an ambitious strategic plan for the long-term growth of Versace, following its acquisition of the Italian fashion house Gianni Versace
    S.p.A for a total value of 1.83 billion euros .
    The American luxury conglomerate, Capri Holdings, which also includes
    Michael Kors and Jimmy Choo, outlined its plans for Versace to investors, including increasing its global retail footprint from 200 stores to 300, accelerating e-commerce and omni-channel development, and to build upon
    Versace's luxury runway momentum by enhancing the...
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  • Michael Kors Will Buy Versace For $2 Billion

    Michael Kors Will Buy Versace For $2 Billion

    22 days ago - By Refinery29

    In July, when Michael Kors bought Jimmy Choo for $1.2 billion dollars, we wondered what that meant for business. Would Choo add lower-priced shoes to its product range? Or perhaps Kors is banking on a wealthier, more luxury-minded consumer to turn its business around? On Tuesday, Kors confirmed the latter with the news it would acquire Italian fashion house Versace. Business of Fashion is reporting the deal will happen to the tune of $2.12 billion and is expected to be finalized by the end of 2019. Michael Kors Ltd. - Kors' fashion company the designer started in 1981 - will be renamed...
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  • Michael Kors Acquiring Versace for US$2 Billion, Blackstone to divest minority stake if deal goes through

    22 days ago - By Luxuo

    Versace, one of the last family-owned Italian luxury brands is closed to being acquired by Michael Kors for US$2 billion. Blackstone will divest its minority stake if deal is accepted
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  • Michael Kors Brings Versace On Board for $2.1 Billion

    22 days ago - By WWD

    Michael Kors Holdings is adding Versace it its stable of brands and renaming itself Capri Holdings to better reflect its growing empire.
    The 1.83 billion euro, or $2.1 billion, deal was hotly anticipated and adds the Italian brand's maximalist sensibility to its portfolio, which includes Michael Kors as well as Jimmy Choo, which was acquired for $1.2 billion last year.
    John D. Idol, chairman and chief executive officer of Kors said: “The acquisition of Versace is an important milestone for our group. Versace was founded in 1978. For over 40 years, Versace has represented the epitome of...
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