Michael Kors to buy Versace for over $2 billion

As global fashion house Michael Kors announces it will acquire legendary Italian fashion giant Versace, here are highlights from a Berlin retrospective exhibition that is also set to be on show in Seoul in 2019.After acquiring luxury shoemaker Jimmy Choo in 2017, global fashion house Michael Kors will be buying the Italian legendary brand established by Gianni Versace, in a deal worth more than $2 billion (€1.83 billion). Donatella Versace, Gianni’s sister and the brand’s creative driver, said the takeover was “essential to Versace’s long-term success.”

Source: dw.com