• Michael Kors buys Versace, All is Not Lost

    1 month ago - By Cliche Mag

    On September 25th, 2018 Michael Kors Holding bought Versace for $2.1 billion. The newly born, first American Luxury conglomerate made this purchase after buying Jimmy Choo last summer for $1.2 billion. Michael Kors Holding-now to be called Capri Holdings-managed to buy the struggling Italian luxury brand despite both Kering and LVMH showing interest. With this purchase, Capri is taking on Versace's debt as well as forming a plan to help expand the brand into a global success, but what is actually going to change?
    Versace and Michael Kors sound like obvious antonyms and many Versace stans...
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