Flash Report 4 minutesRegister for Free AccessMichael Kors Holdings to Acquire Gianni Versace SpA Coresight Research September 26, 2018 Executive SummaryMichael Kors (Kors) gained a foothold in the world of elite European fashion on Tuesday by striking a $2.12 billion deal to acquire Versace. The deal is to close in 4th quarter of FY2018, 1st quarter of calendar year 2019; following the deal, Kors will change its name to Capri Holdings Limited. By expanding its brand portfolio, Kors alleviates the pressure on any one brand to drive overall corporate results. Versace brings with it authentic Italian heritage, flashy fashion POV and social media savviness, and the opportunity to expand its accessories business. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: US and UK Retail Bankruptcies Latest, October 2023: Rite Aid Files for BankruptcyUS and UK Retail Bankruptcies Latest, August 2023: Wilko Administration Bucks UK Discount Growth TrendOracle 2023 Analyst Meeting: Cloud and Database Tech, Generative AI-Powered Cloud Applications, Growth TrajectoryKey Retail-Tech Themes at NRF 2023: Retail’s Big Show—Loss Prevention, Forecasting, Personalization and Associate Enablement