Versace sold for $2 billion

Italian fashion house Versace agreed to a deal with Michael Kors on sale for $2 billion.

According to the Financial Times, citing sources, the official signing of the agreement should be held on Tuesday, September 25.

It is noted that Versace will be sold together with American private joint-stock company Blackstone, which acquired a 20% stake in 2014.

Representatives of Michael Kors and Versace declined to comment.

Recall previously reported that Michael Kors will pay $ 1,200,000,000 for Jimmy Choo.

Fashion
2018-09-24

Latest Instagram Posts

Donatella Versace instagram pic #323683 21 Jul 18:27 Donatella Versace
Donatella Versace instagram pic #323682 23 Jul 17:59 Donatella Versace
Donatella Versace instagram pic #320916 11 Jul 13:45 Donatella Versace
Donatella Versace instagram pic #320915 15 Jul 10:02 Donatella Versace