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 Holdings Michael Kors Acquires Versace for More than $2.12 Billion Michael Kors Reaches Deal to Buy Italian Fashion House Versace |
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