Tuesday, September 25, 2018

Michael Kors acquires Italian fashion house Gianni Versace for $2.1 billion

USA Today
Luxury goods maker Michael Kors Holdings reached a deal to acquire Italian fashion house Gianni Versace in a move aimed at giving the combined company further runway for growth.

The deal will enable the luxury goods company to open about 100 new stores throughout the world, up from about 200 today, and expand online sales.. . . more