MICHAEL KORS BUYS VERSACE FOR $2.1 BILLION
Michael Kors has said that it has agreed to buy luxury brand Versace, AFP is reporting. Earlier this week, it was reported that Versace was going on sale. In a statement released on Tuesday, Michael Kors’ CEO John D. Idol said it bought Versace for 1.83 billion euros ($2.1 billion). “We are excited to have Versace as part of our family of…