Michael Kors buys Versace in $2.1bn deal

Donatella Versace to stay on at Italian label and US fashion group to rebrand as CapriMichael Kors has confirmed its acquisition of the Italian fashion house Versace for $2.1 bn (£1.6bn).Donatella Versace, the brand’s artistic director and sister of founder Gianni Versace, will continue to lead the creative side of the business. Continue reading...