Breaking News: Michael Kors Acquires Versace for $2.1bn
Oh, the world of fashion never seems to sleep… Just days after their stellar SS19 show, Versace have just been bought by the Michael Kors group for $2.1bn. We don’t know what the current dollar exchange rate is, but we do know this is a lot of zeroes. And to prove how much the US fashion giant cares about the strong Italian identity of the brand, the group has now renamed Capri Holdings. Molto Italiano!
So, what does this mean for us, the avid Versace fans? According to Queen Donatella, only good things are to come. She’s optimistic that this move will enable the Versace brand to reach the next level. We might be reading it between the lines, but this sounds like more, more, more and that’s what we’re here for.
These news were brought to you by Ten Towers, now we’re tuning back to Paris…