Michael Kors has confirmed its acquisition of Italian fashion house Versace for 2.1 billion US dollars (£1.6 billion). Michael Kors has confirmed its acquisition of Italian fashion house Versace for 2.1 billion US dollars (£1.6 billion). The US fashion company also said it will rename itself Capri Holdings upon the closing of the deal. The enlarged Capri will comprise of three global fashion brands: Michael Kors, Versace, and Jimmy Choo. Michael Kors acquired shoe brand Jimmy Choo last year in a deal worth £896 million.

Source: Irish Independent September 25, 2018 11:48 UTC