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Michael Kors to buy Versace for $2.1 billion and change its name to Capri Holdings - Strait Online Money Talk |


Michael Kors to buy Versace for $2.1 billion and change its name to Capri Holdings
Michael Kors is going high-end. The handbag maker is acquiring Gianni Versace for $2.1 billion, including debt, providing Kors a launching pad into the exclusive high-end European luxury market. Shares of Michael Kors were down 2 percent in premarket trading on Tuesday, after closing down more than 8 percent Monday when news of the deal... View Article
 
 

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