RAMROD 117,980 Posted September 24, 2018 Share Posted September 24, 2018 Handbag maker Michael Kors Holding Ltd. is nearing an agreement to buy Gianni Versace SpA after the iconic Italian fashion house drew interest from several suitors, people familiar with the plans said. Michael Kors may announce a deal as early as this week that values Versace at about $2 billion, said the people, who asked not to be identified as the discussions are private. The Versace family will continue to have a role in the company under any agreement, they said. While talks are advanced, no final agreements have been reached, the people said. London-based Kors last year snapped up shoemaker Jimmy Choo Plc for about £896 million ($1.2 billion), expanding beyond its namesake brand. Now, it’s vying with Coachowner Tapestry Inc. to build a US-based multi-brand fashion empire along the lines of Paris-based conglomerates LVMH and Kering SA. Source: https://www.businessoffashion.com/articles/news-analysis/versace-sale-could-be-imminent UPDATES: Following a day of rumors, today it’s official: Michael Kors Holdings Ltd. has bought Versace, the Italian luxury goods house founded by the late Gianni Versacein 1978 and now creatively helmed by his sister Donatella Versace, for more than $2.12 billion. The Michael Kors Holding company will be renamed Capri Holdings Limited with the acquisition. “This is a very exciting moment for Versace.” said Donatella Versace in a statement. https://www.vogue.com/article/michael-kors-acquires-versace/amp Was Italian but soon to be English Get ready for Versace goods to be sold at Marshalls (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ⁱᵐ'ᵐᵃ ʰⁱᵗ ᵈᵉᶠʳᵒˢᵗ ᵒⁿ ʸᵃ, ˡᵉᵗ'ˢ ᵍᵉᵗ ⁱᵗ ᵇˡᵃᶻⁱⁿᵍ﹗ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
August Blue 8,566 Posted September 24, 2018 Share Posted September 24, 2018 What is this? Link to post Share on other sites More sharing options...
RAMROD 117,980 Posted September 24, 2018 Author Share Posted September 24, 2018 Just now, August Blue said: What is this? Fashion news Michael Kors is known for its bag (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ⁱᵐ'ᵐᵃ ʰⁱᵗ ᵈᵉᶠʳᵒˢᵗ ᵒⁿ ʸᵃ, ˡᵉᵗ'ˢ ᵍᵉᵗ ⁱᵗ ᵇˡᵃᶻⁱⁿᵍ﹗ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
Epione 10,896 Posted September 24, 2018 Share Posted September 24, 2018 Sad news Link to post Share on other sites More sharing options...
Prada 1,200 Posted September 24, 2018 Share Posted September 24, 2018 New Mission; Sugar Daddy Hunt Target: Michael Kors Link to post Share on other sites More sharing options...
RAMROD 117,980 Posted September 24, 2018 Author Share Posted September 24, 2018 2 minutes ago, Epione said: Sad news Pretty much tbh. Just now, Adriana Lima said: New Mission; Sugar Daddy Hunt Target: Michael Kors Get it, Jade (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ⁱᵐ'ᵐᵃ ʰⁱᵗ ᵈᵉᶠʳᵒˢᵗ ᵒⁿ ʸᵃ, ˡᵉᵗ'ˢ ᵍᵉᵗ ⁱᵗ ᵇˡᵃᶻⁱⁿᵍ﹗ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
Prada 1,200 Posted September 24, 2018 Share Posted September 24, 2018 1 minute ago, RAMROD said: Pretty much tbh. Get it, Jade My Daddy will be the boss of Donatella. he' s soo hot. Link to post Share on other sites More sharing options...
kabirartfling 9,063 Posted September 24, 2018 Share Posted September 24, 2018 Noooooo, Versace was so iconic on its own!!!! But on the other hand, it needs a push since Versace literally has been so under the radar recently with its meh designs (2017 AW collection apart, which was innovative). Let's hope Versace doesn't lose its touch. Give your love to me Link to post Share on other sites More sharing options...
Joemayzin 4,032 Posted September 24, 2018 Share Posted September 24, 2018 i don't really like Michal Kors stuff to be honest, is very "basic" to me but as long as Versace still holds true to their iconic look then i wouldn't really have an issue with this seeing how i own all the Colognes and some articles of clothing thanks to Donatella keeping the biz alive! Link to post Share on other sites More sharing options...
RAMROD 117,980 Posted September 24, 2018 Author Share Posted September 24, 2018 3 minutes ago, kabirartfling said: Noooooo, Versace was so iconic on its own!!!! But on the other hand, it needs a push since Versace literally has been so under the radar recently with its meh designs (2017 AW collection apart, which was innovative). Let's hope Versace doesn't lose its touch. I am wondering they have issues with $$$, or about to. I do not see Donatella to sell the brand if not for a vwry strong reasoning (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ⁱᵐ'ᵐᵃ ʰⁱᵗ ᵈᵉᶠʳᵒˢᵗ ᵒⁿ ʸᵃ, ˡᵉᵗ'ˢ ᵍᵉᵗ ⁱᵗ ᵇˡᵃᶻⁱⁿᵍ﹗ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
GhettoFabulous 18,501 Posted September 24, 2018 Share Posted September 24, 2018 Yikes well it’s over... Link to post Share on other sites More sharing options...
Babel 41,643 Posted September 24, 2018 Share Posted September 24, 2018 Donatella’s ARTPOP era Link to post Share on other sites More sharing options...
chun li 3,056 Posted September 24, 2018 Share Posted September 24, 2018 Link to post Share on other sites More sharing options...
DiscoHeaven23 35,007 Posted September 24, 2018 Share Posted September 24, 2018 The devil is working hard today. cheap clothes coming out way Link to post Share on other sites More sharing options...
highlikegaga 9,117 Posted September 24, 2018 Share Posted September 24, 2018 did Donatella give up? what happened? Link to post Share on other sites More sharing options...
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