Michael Kors Ups The Glamour, Buys Versace For $2 Billion

NEW YORK (AP) — Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion, continuing its hard charge into the world of high-end fashion.
The deal Tuesday comes just 14 months after the New York handbag maker spent $1.35 billion adding to its portfolio Jimmy Choo, the shoemaker that that rocketed to fame on the high heels of “Sex and the City.”
(credit: Jun Sato/Getty Images for Michael Kors)
Like others in the fashion industry, M