Michael Kors

Michael Kors

Markets | Retail
Donatella Versace has run the 40-year-old family-owned fashion house since 1997. She has said that being incorporated into Capri Holdings is essential to Versace's long-term success

Michael Kors buys Versace for $2.1bn

The Versace family has owned the eponymous luxury clothing brand since its inception in 1978, but the company is now set to be incorporated into a new global conglomerate
Markets
Fashion designer Michael Kors with Anna Wintour, Editor-in-Chief of Vogue. Michael Kors has announced it will purchase fellow fashion brand Jimmy Choo for $1.2bn

Michael Kors to buy Jimmy Choo for $1.2bn

The deal will merge two leading names in luxury fashion under one roof, providing some hope for future expansion in the squeezed high-end market
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