Michael Kors Is Buying Versace. What about Donatella? CNBC.com reports that the Gianni Versace fashion house will soon be owned by Kors, whom many call the handbag maker, once he hands over $2.1 billion. Not only will Kors now have the Versace name, but he will also have what … [Read more...] about Michael Kors Is Buying Versace. What about Donatella?
Michael Kors To Acquire Jimmy Choo In $1.2 Billion Deal Luxury fashion brand Michael Kors has reached a nearly $1.2 billion deal to acquire footwear and accessories brand Jimmy Choo. The deal has been approved by the boards of both companies and is expected to close Q4 … [Read more...] about Michael Kors To Acquire Jimmy Choo In $1.2 Billion Deal
RICH ....... Michael Kors has become a billionaire. The designer has officially joined the ranks of the world's most wealthy after shares in his company climbed. Bloomberg is reporting that he has raked in over $700 million since the initial public offering in December 2011 … [Read more...] about Designer Michael Kors has become a billionaire