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Michael Kors ups the glamour, buys Versace for $2 billion
2 monthes 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...
Read more ...Michael Kors Buys Italy's Versace Fashion House For $2.12 Billion
2 monthes 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
Read more ...Michael Kors makes high-end fashion statement with $2.2 billion Versace buy
2 monthes 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.
Read more ...Michael Kors to Buy Versace for $2.1 Billion
2 monthes ago - By NY Times
Acquiring the Italian luxury brand would insert Kors into the high-end fashion market and help it challenge European conglomerates.
Read more ...Michael Kors ups the glamour, buys Versace for $2 billion
2 monthes 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
2 monthes 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...
Read more ...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
2 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...
Read more ...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
2 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...
Read more ...Michael Kors takes over fashion icon Versace in $2 billion deal
2 monthes 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.
Read more ...Michael Kors acquires Gianni Versace in a bid for the luxury market
2 monthes 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
2 monthes 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
2 monthes 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
2 monthes 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
2 monthes 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...
Read more ...Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion
2 monthes 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 ...
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