• Breaking News: Michael Kors Acquires Versace for $2.1bn

    2 monthes ago - By 10 magazine

    Oh, the world of fashion never seems to sleep... Just days after their stellar SS19 show, Versace have just been bought by the Michael Kors group for $2.1bn. We don't know what the current dollar exchange rate is, but we do know this is a lot of zeroes. And to prove how much the US fashion giant cares about the strong Italian identity of the brand, the group has now renamed Capri Holdings. Molto Italiano !
    So, what does this mean for us, the avid Versace fans? According to Queen Donatella, only good things are to come. She's optimistic that this move will enable the Versace brand to reach...
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  • Michael Kors buys Versace in $2.1bn deal

    Michael Kors buys Versace in $2.1bn deal

    2 monthes ago - By The Guardian

    Donatella Versace to stay on at Italian label and US fashion group to rebrand as Capri Michael Kors has confirmed its acquisition of the Italian fashion house Versace for $2.1 bn. Donatella Versace, the brand's artistic director and sister of founder Gianni Versace, will continue to lead the creative side of the business.
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  • Michael Kors buys Versace for $2.2 billion

    Michael Kors buys Versace for $2.2 billion

    2 monthes 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

    2 monthes ago - By Drapers

    Following yesterday's rumours, American luxury group Michael Kors Holding has bought Italian fashion house Versace.
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  • Capri Holdings announces strategic plans to grow Versace

    Capri Holdings announces strategic plans to grow Versace

    2 monthes 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 Acquiring Versace for US$2 Billion, Blackstone to divest minority stake if deal goes through

    2 monthes 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

    2 monthes 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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