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: Three Data Points We’re Watching This Week UK Store Openings and Closures—2024 Review and 2025 OutlookUS CPG Sales Tracker: Sharp Beauty Rise Drives CPG Growth in December 2024Financial Sentiment Turns Negative; Tariff Pessimism Deepens; Inflationary Trade-Down Persists: US Consumer Survey InsightsMusic Festivals: A Key Opportunity for Retail Brand Engagement
