• Versace sale turns up heat on fashion's independent outliers

    28 days ago - By Reuters

    Michael Kors' swoop on Versace leaves a shrinking universe of fashion brands determined to go it alone and fend off luxury empire builders, raising the pressure on those struggling financially to lift sales or sell out.
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  • Michael Kors buying Versace in deal worth more than $2B

    28 days ago - By Review Journal

    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.
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  • Michael Kors is likely buying Versace for one key reason

    Michael Kors is likely buying Versace for one key reason

    28 days ago - By Business Insider

    The Italian fashion house Versace is being acquired by American conglomerate Michael Kors, which will change its name to Capri Holdings.
    Capri has already laid out its plan to turn Versace into a more accessories-focused brand comfortable with selling online.
    That would mimic the roadmap of fellow Italian luxury brand Gucci, which has gained popularity among teens in recent years.
    Versace is poised to capture more of that market, as the demographic it appeals to already skews young, according to SimilarWeb.
    Versace is going through some changes.
    The Italian fashion house is being acquired...
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