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Michael Kors Close to Deal for Versace

  • Category news
  • Definition HD
  • Resolution 1280 x 720
  • Duration 00:01:49
  • Year 2018
  • Language English

Michael Kors Close to Deal for Versace

Michael Kors is reportedly nearing a deal to buy Versace in a deal that would value the storied Italian fashion house at around $2 billion. Blackstone would sell its 20 percent stake as part of the deal, according to the Wall Street Journal. It is unclear what role the Versace family, led by Donatella, would play in an acquisition. The family has tightly controlled the brand since designer Gianni Versace's murder in 1997.

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