• Michael Kors Acquires Versace for US$2 Billion, Blackstone to divest minority stake

    8 monthes ago - By Luxuo

    Versace, one of the last family-owned Italian luxury brands has just been acquired by Michael Kors for US$2 billion. Blackstone will divest its minority stake as part of the deal.
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  • Michael Kors mulls Versace buyout

    Michael Kors mulls Versace buyout

    8 monthes ago - By Drapers

    US fashion group Michael Kors is reportedly set to purchase Versace in a deal worth about $2bn.
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  • Versace to be sold to US label Michael Kors for $2bn, reports say

    8 monthes ago - By The Guardian

    Donatella Versace expected to confirm deal with handbag and clothing brand on Tuesday Versace, the Italian fashion house founded by Gianni Versace 40 years ago, has reportedly been sold to US handbag and clothing brand Michael Kors for $2bn. Donatella Versace, the brand's vice-president and artistic director, has called an all-staff meeting for Tuesday to announce the deal, according to the Italian newspaper Corriere della Sera.
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  • Michael Kors Hopes to Become an American Version of LVMH With $2B Versace Buyout

    8 monthes ago - By Observer

    The deal came just one year after Michael Kors bought Jimmy Choo for $1.2 billion.
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  • Michael Kors Nears Deal for Versace for Over 2B Euro

    8 monthes ago - By WWD

    Michael Kors Holdings Ltd. is adding some Italian flair.
    Sources confirmed Kors is close to buying Versace for about 2 billion euros, a deal that is expected to close this week. The Versace family will maintain a role in the company, the sources said, although it could not immediately be learned what will be the exact nature of their involvement.
    Kors buying Versace confirms a report in WWD today that the Italian fashion house was in talks about being acquired, with the American brand being among the names seen as a possibility.
    The stock market didn't react well to reports of an impending...
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  • Michael Kors Close to Buying Versace for $2.4 Billion

    8 monthes ago - By Accessories Magazine

    Versace would be a "crown jewel" in Kors' cap.
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