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  • Versace fashion house bought by Michael Kors for $2.1bn to make super group
    Sky News10 months ago

    Versace fashion house bought by Michael Kors for $2.1bn to make super group

    American luxury handbag and clothing designer Michael Kors (Swiss: KORS.SW - news) is buying Italian fashion house Gianni Versace for $2.1bn (£1.6bn). The deal follows the New York company's acquisition last year of luxury shoemaker Jimmy Choo (LSE: CHOO.L - news) - made famous by TV series Sex and the City - for $1.35bn (£1.03bn). Versace, the Milan-based label founded in 1978 by Gianni Versace, has been run and majority-owned by the family since he was murdered 21 years ago in Miami Beach.

  • Versace bought by Michael Kors for $2.1bn to make super group
    Sky News10 months ago

    Versace bought by Michael Kors for $2.1bn to make super group

    American luxury handbag and clothing designer Michael Kors (Swiss: KORS.SW - news) is buying Italian fashion house Gianni Versace for $2.1bn (£1.6bn). The deal follows the New York company's acquisition last year of luxury shoemaker Jimmy Choo (LSE: CHOO.L - news) - made famous by TV series Sex and the City - for $1.35bn (£1.03bn). Versace, the Milan-based label founded in 1978 by Gianni Versace, has been run and majority-owned by the family since he was murdered 21 years ago in Miami Beach.

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