Flash ReportMichael 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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: What Can Retailers Learn from Shein and Temu?: Premium Subscriber Call, February 2025Weekly US Store Openings and Closures Tracker 2025, Week 19: Rite Aid Files for Bankruptcy—AgainWeekly US Store Openings and Closures Tracker 2025, Week 24: Casey’s To Open 80 Stores; Torrid To Close 180 StoresWeekly US Store Openings and Closures Tracker 2025, Week 17: Announced Closures Up 90% Year Over Year; JD Sports Reveals Global Store Plans
