Michael Kors acquires Gianni Versace in a bid for the luxury market - Washington Post


Washington Post

Michael Kors acquires Gianni Versace in a bid for the luxury market
Washington Post
Handbag maker Michael Kors said Tuesday it would buy famed Italian fashion house Gianni Versace for $2.1 billion, a move that will add an exclusive but aging luxury brand to its fold. In a statement, Kors said it would change its name to Capri Holdings.
Michael Kors to buy Versace for $2.1 billion and change its name to Capri HoldingsCNBC
Michael Kors Acquires Versace for More than $2.12 BillionVogue.com
Michael Kors Brings Versace On Board for $2.1 BillionWWD
MarketWatch -BBC News -Michael Kors Holdings
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