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Michael Kors ups the glamour, buys Versace for $2 billion

8 monthes ago   |   By Boston Herald

NEW YORK - Michael Kors is buying the Italian fashion house Versace in a deal worth more than $2 billion , continuing its hard charge into the world of high-end fashion. The deal Tuesday comes just 14 months after the New York handbag maker spent $1.35 billion adding to its portfolio Jimmy Choo, the shoemaker that rocketed to fame on the high heels of "Sex and the City." Like others in the fashion industry, Michael Kors Holdings Ltd. is trying to fire up sales by cranking up the glamour.
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Michael Kors buys Versace for $2.2 billion

Michael Kors buys Versace for $2.2 billion

8 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 is buying Versace for more than $2.2 billion

8 monthes ago   |   By Los Angeles Times

Michael Kors Holdings is adding Versace to its stable of brands and renaming itself Capri Holdings to better reflect its growing empire. The 1.83 billion euro deal was hotly anticipated and adds the Italian brand's maximalist sensibility to its portfolio, which includes Michael Kors as well as...
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Michael Kors is buying Versace for $2 billion

8 monthes ago   |   By WGN TV

NEW YORK - It's official: Michael Kors is buying Versace.
Michael Kors gained a foothold in the world of elite European fashion on Tuesday by striking a €1.8 billion deal for the storied Italian brand.
“The acquisition of Versace is an important milestone for our group,” John Idol, chairman and CEO of Michael Kors, said in a statement .
Following the deal, Michael Kors will change its corporate name to Capri Holdings, in what it described as a nod to the “iconic, glamorous and luxury destination.”
Michael Kors said it plans to grow Versace's sales to $2 billion annually, open more stores...
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Michael Kors Buys Italy's Versace Fashion House For $2.12 Billion

Michael Kors Buys Italy's Versace Fashion House For $2.12 Billion

8 monthes ago   |   By NPR

Michael Kors says it wants to get Versace products in more stores - from around 200 now to a goal of 300. It will also focus
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Versace fans are terrified that a $2 billion deal with Michael Kors will 'kill' the fashion brand. Here's what the companies say will actually change

Versace fans are terrified that a $2 billion deal with Michael Kors will 'kill' the fashion brand. Here's what the companies say will actually change

8 monthes ago   |   By Business Insider

Michael Kors is buying Versace in a $2.12 billion deal, the companies announced on Tuesday.
Many fans expressed concern that the deal would be the death of Versace's reputation as a prestigious luxury brand.
The companies said changes are in the works, including opening roughly 100 Versace stores, doubling down on shoes and accessories, and building up online shopping.
Michael Kors is buying Versace in a $2.12 billion deal.
When news broke yesterday that the acquisition was near, many Versace fans revolted.
An American company taking over the Italian luxury fashion designer, critics...
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First Jimmy Choo, now Versace; Michael Kors buys another big fashion company

8 monthes ago   |   By ABC

Michael Kors, which last year bought Jimmy Choo, has purchased the Gianni Versace company for $2 billion.
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First Jimmy Choo, now Versace; Michael Kors buys another big fashion company

8 monthes ago   |   By ABC

Michael Kors, which last year bought Jimmy Choo, has purchased the Gianni Versace company for $2 billion.
Read more ...

 

Michael Kors ups the glamour, buys Versace for $2 billion

8 monthes ago   |   By The Morning Call

Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion , continuing its hard charge into the world of high-end fashion. The deal announced Tuesday follows the New York handbag maker's $1.35 billion acquisition last year of the shoemaker...
Read more ...

 

First Jimmy Choo, now Versace; Michael Kors buys another big fashion company

8 monthes ago   |   By ABC

Michael Kors, which last year bought Jimmy Choo, has purchased the Gianni Versace company for $2 billion.
Read more ...

 

Michael Kors is buying Versace for $2 billion

8 monthes ago   |   By CNN Money

It's official: Michael Kors is buying Versace for $2 billion.
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Michael Kors ups the glamour, buys Versace for $2 billion

8 monthes ago   |   By Miami Herald

Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion , continuing its hard charge into the world of high-end...
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