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: Retail 2024: Five Forces and Five Trends Impacting US RetailBEST at Retail: Brand Building—Storytelling Drives In-Person Store VisitsUS Apparel and Beauty Spending Tracker, April 2023: Clothing, Footwear and Beauty Spending Growth Eases FurtherChinese New Year 2024 Preview: Good Fortune for Retail as the Year of the Dragon Takes Off—China Retail Insights