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Michael Kors to acquire Versace brand

01/10/2018

US leathergoods group Michael Kors has agreed to acquire Italian luxury fashion house Gianni Versace for €1.83 billion ($2.12 billion at the time of the agreement). John Idol, chairman and chief executive of Michael Kors, said: “The acquisition of Versace is an important milestone for our group. For over 40 years, Versace has represented the...

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