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Breaking News: Michael Kors Agrees to Buy Versace

Business Insider
  • Michael Kors has agreed to buy the Italian fashion house Versace.
  • The deal has an enterprise value of 1.83 billion euros ($2.12 billion).
  • Michael Kors will change its name to Capri Holdings once the deal closes.
  • Watch Michael Kors trade in real time here.

Michael Kors has agreed to buy the Italian fashion house Versace in a deal that has an enterprise value of 1.83 billion euros ($2.12 billion). The global fashion luxury group also announced it will change its name to Capri Holdings...

Mentions: CEO acquisition Michael Kors