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

    22 days ago - By Chron

    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.
    Tapestry, once known as Coach, acquired Kate Spade last year. Like Coach, Michael Kors is changing its...
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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

    22 days ago - By NPR

    Michael Kors says it wants to add about 100 Versace stores worldwide to reach a goal of 300. It also plans to focus
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  • Michael Kors makes high-end fashion statement with $2.2 billion Versace buy

    22 days ago - By Reuters

    U.S. fashion group Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros including debt on Tuesday in the latest foreign takeover of an Italian brand.
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  • Michael Kors to Buy Versace for $2.1 Billion

    22 days ago - By NY Times

    Acquiring the Italian luxury brand would insert Kors into the high-end fashion market and help it challenge European conglomerates.
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  • Michael Kors ups the glamour, buys Versace for $2 billion

    22 days ago - By Philly

    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.
    Read more ...

     

  • Michael Kors agrees to buy Versace

    22 days ago - By Chron

    Michael Kors has agreed to buy the Italian fashion house Versace.
    The deal has an enterprise value of 1.83 billion euros .
    Michael Kors will change its name to Capri Holdings once the deal closes.
    Watch Michael Kors trade in real time here.
    Michael Kors has agreed to buy the Italian fashion house Versace in a deal that has an enterprise value of 1.83 billion euros. The global fashion luxury group also announced it will change its name to Capri Holdings.
    "We are excited to have Versace as part of our family of luxury brands, and we are committed to investing in its growth," Michael...
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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

    22 days 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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  • 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

    22 days 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...
    Read more ...

     

  • Michael Kors takes over fashion icon Versace in $2 billion deal

    22 days ago - By Reuters

    U.S. fashion group Michael Kors has agreed to buy Versace in a deal valuing the revered designer at $2 billion including debt, the companies said on Tuesday, making it the latest Italian brand to fall into foreign hands.
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  • Michael Kors acquires Gianni Versace in a bid for the luxury market

    22 days ago - By Washington Post

    The handbag maker is paying $2.1 billion for the high-end fashion company. Donatella Versace, who has headed her family's namesake company since her brother was murdered in 1997, will continue to run the brand.
    Read more ...

     

  • Michael Kors agrees to buy Versace

    Michael Kors agrees to buy Versace

    22 days ago - By Business Insider

    Michael Kors has agreed to buy the Italian fashion house Versace.
    The deal has an enterprise value of 1.83 billion euros .
    Michael Kors will change its name to Capri Holdings once the deal closes.
    Watch Michael Kors trade in real time here .
    Michael Kors has agreed to buy the Italian fashion house Versace in a deal that has an enterprise value of 1.83 billion euros. The global fashion luxury group also announced it will change its name to Capri Holdings.
    "We are excited to have Versace as part of our family of luxury brands, and we are committed to investing in its growth," Michael Kors...
    Read more ...

     

  • Michael Kors acquires Gianni Versace in a bid for the luxury market

    22 days ago - By Washington Post

    The handbag maker pays $2.1 billion for the high-end fashion company. Donatella Versace, who has headed her family's namesake company since her brother was murdered in 1997, will continue to run the brand.
    Read more ...

     

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

    22 days ago - By Chron

    NEW YORK - 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 Jimmy Choo.
    Michael Kors Holdings Ltd., like others in the fashion industry, is trying to fire up sales by tacking on big name brands like the globally revered Versace
    Tapestry, once known as Coach, owns Stuart Weitzman and last year it acquired Kate Spade.
    By all accounts, Kors has successfully...
    Read more ...

     

  • Michael Kors agrees to buy Versace

    Michael Kors agrees to buy Versace

    22 days ago - By Business Insider

    Michael Kors has agreed to buy the Italian designer Versace in a deal that has an enterprise value of 1.83 billion euros. The global fashion luxury group also announced it will change its name to Capri Holdings.
    "We are excited to have Versace as part of our family of luxury brands, and we are committed to investing in its growth," Michael Kors Chairman and CEO John Idol said in the press release .
    "We believe that the strength of the Michael Kors and Jimmy Choo brands, and the acquisition of Versace, position us to deliver multiple years of revenue and earnings growth," he added.
    Michael...
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  • Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion

    22 days ago - By Chron

    NEW YORK - Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion.
    Read more ...