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  1. #1
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    Default Michael Kors acquires Versace

    NEW YORK (AP) — Michael Kors is buying the Italian fashion house Versace in a deal worth more than $2 billion (1.83 billion euros), 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 rocketed to fame on the high heels of “Sex and the City.”


    Like others in the fashion industry, Michael Kors Holdings Ltd. is trying to fire up sales by cranking up the glamour.


    Tapestry, once known as Coach, acquired Kate Spade last year. Like Coach, Michael Kors is changing its name as it seeks to reframe how people in perceive it.


    Michael Kors remains the chief creative director at Kors, but the expanding company will be renamed Capri Holdings Ltd., with $8 billion in projected annual sales. Versace will be a key engine of growth, executives said in a conference call Tuesday.

    Bringing in Versace adds a layer of glitter to the company, which sells handbags for less than $500. Versace bags can fetch five times that figure.
    https://apnews.com/da801fe60dff4d8b9...source=Twitter
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  2. #2
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    Default Re: Michael Kors acquires Versace

    Like the sound of "Capri Holdings Ltd". CapriDog - hear that?
    Remember that while it is perfectly acceptable to criticize the content of a post - criticizing the poster is not.
    Mean spirited, nasty, snide, sarcastic, hateful, and rude individuals on Basenotes don't warrant or deserve my or other Basenoters' acknowledgement or respect.

  3. #3
    The Devil in the Details
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    Default Re: Michael Kors acquires Versace

    Quote Originally Posted by hednic View Post
    Like the sound of "Capri Holdings Ltd". CapriDog - hear that?
    I was thinking of those little Capri Sun bagged juice drinks kids go nuts over.
    oh look, I have a signature

  4. #4

    Default Re: Michael Kors acquires Versace

    Quote Originally Posted by Zealot Crusader View Post
    I was thinking of those little Capri Sun bagged juice drinks kids go nuts over.
    Which have about the same quality as the fragrances released by these two fashion houses.

  5. #5
    The Devil in the Details
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    Default Re: Michael Kors acquires Versace

    Quote Originally Posted by Suspended View Post
    Which have about the same quality as the fragrances released by these two fashion houses.
    I wouldn't mind drinking Strawberry Kiwi Island Waters or Surfin' Cooler with a straw from a Versace Eros bottle. That would be cool.
    oh look, I have a signature

  6. #6
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    Default Re: Michael Kors acquires Versace

    I love these two brands for a variety of things.
    However not sure about the acquisition.
    I hope versace brings up michael kors brand rather than michael kors brings down versace.
    Parfum de Marly Oajan

  7. #7
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    Default Re: Michael Kors acquires Versace

    Quote Originally Posted by hednic View Post
    Like the sound of "Capri Holdings Ltd". CapriDog - hear that?
    Hear hear

  8. #8
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    Default Re: Michael Kors acquires Versace

    I waiting for a new perfume with the name Michael Kors and the logo of the Medusa with the snakes making dreadlocks.
    Currently wearing: M7 by Yves Saint Laurent

  9. #9
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    Default Re: Michael Kors acquires Versace

    Hopefully, this works out.
    <div class="bnsotd"><b>Currently wearing:</b> <a href="ID26148387.html"><img src="http://www.basenotes.net/photos/products/33/26148387-7393.jpg"> Carven L'Eau Intense by Carven</a></div>

  10. #10
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    Default Re: Michael Kors acquires Versace

    Michael Kors scents to me come across as weak, hope that doesn't happen to Versace scents as well.

    I read the news yesterday and that's what immediately came to mind. Was the fragrance side of the business explicitly mentioned in the deal as well?

  11. #11
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    Default Re: Michael Kors acquires Versace

    Quote Originally Posted by Suspended View Post
    Which have about the same quality as the fragrances released by these two fashion houses.
    LOL. Can’t say I disagree with you.
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