Fashion > Fashion

Michael Kors mulls Versace buyout

7 monthes ago   |   By

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

Versace to be sold to US label Michael Kors for $2bn, reports say

7 monthes ago   |   By

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 Nears Deal for Versace for Over 2B Euro

7 monthes ago   |   By

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 Hopes to Become an American Version of LVMH With $2B Versace Buyout

7 monthes ago   |   By

The deal came just one year after Michael Kors bought Jimmy Choo for $1.2 billion.
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BREAKING: Michael Kors to buy Versace for $2 billion

BREAKING: Michael Kors to buy Versace for $2 billion

7 monthes ago   |   By


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Report: Michael Kors to Acquire Versace

Report: Michael Kors to Acquire Versace

7 monthes ago   |   By

Michael Kors Holding Ltd. is reportedly buying Gianni Versace SpA as soon as this week, according to Business of Fashion. The potential deal puts the value of the Italian house at $2 billion, and if a final agreement is reached, the Versace family will still hold a role within the...
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Michael Kors close to buying Versace for $2.4B

Michael Kors close to buying Versace for $2.4B

7 monthes ago   |   By

MILAN - An Italian newspaper reports that the Versace group is on the verge of announcing its sale to an American company for 2 billion euros. Corriere della Sera reported Monday, without citing sources, that the announcement could come as early as Tuesday. Bloomberg and Reuters news agencies later reported the buyer would...
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Michael Kors set to buy Versace for 2 billion US dollars

Michael Kors set to buy Versace for 2 billion US dollars

7 monthes ago   |   By

Michael Kors holdings is buying Gianni Versace SpA for 2 billion US dollars, according to news agencies Reuters and Bloomberg, citing people familiar with the matter. They added that the Italian fashion house was purchased for about 2 billion US dollars , , and an official announcement would be made later this week. Neither Versace nor Michael Kors have commented on the reports yet.
Blackstone reported to be selling its 20 percent stake
Currently, Versace is owned by the Versace family - Donatella Versace, the label's artistic director and vice-president, is the sister of founder
Gianni...
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