Tag: Versace news

Minimal Luxury Fashion Store

The 101 on the Michael Kors / Versace Merger and What It Means for Luxury Products

In 2017, Versace reported an annual loss of 7.4 million euros. And in September 2018, Michael Kors (KORS) bought the struggling Italian fashion brand for $2.12 Billion. "With the acquisition of Versace we have created one of the world's leading...