Michael Kors Hopes to Become an American Version of LVMH With $2B Versace Buyout
2 monthes ago - By Observer
The deal came just one year after Michael Kors bought Jimmy Choo for $1.2 billion.
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Michael Kors Nears Deal for Versace for Over 2B Euro
2 monthes ago - By WWD
Michael Kors Holdings Ltd. is adding some Italian flair.
Sources confirmed Kors is close to buying Versace for about 2 billion euros, a deal that is expected to close this week. The Versace family will maintain a role in the company, the 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 today that the Italian fashion house was in talks about being acquired, with the American brand being among the names seen as a possibility.
The stock market didn't react well to reports of an impending...
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BREAKING: Michael Kors to buy Versace for $2 billion
2 monthes ago - By Hunger TV
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