Michael Kors Buys Versace For $2.1bn

September 25, 2018


News of luxury fashion house Versace being sold to Michael Kors set the fashion world and social media alight.

Versace previously sold 20% of the brand’s stake back in 2014 to a US private equity group Blackstone and now,  according to an Italian newspaper Courier della Serra, Donatella Versace, sister of Gianni Versace who founded the label called a staff meeting for Tuesday, when the official announcement of the sale would be made, however, Donatella declined to comment on the report when asked by the paper. Versace fans have since taken to social media to vent their fury at the now confirmed $2.1Billion sale.

As part of the $2bn deal, Michael Kors will change its name to Capri Holdings and Donatella, who took over the brand after her brother’s murder will stay onto oversee the brand. With the sale now completed, fashion fans and critics are left to wonder how this purchase will change Versace.


Share on Facebook
Share on Twitter
Please reload

Recent Posts:

Aimé Leon Dore take us to Jamaica for SS20′ Campaign

February 22, 2020

MFW: Benetton Autumn/Winter 2020 Collection

February 22, 2020

Ezra Miller Stars in Saint Laurent Spring Summer 2020 Video

February 20, 2020

Please reload