Versace fans are terrified that a $2 billion deal with Michael Kors will 'kill' the fashion brand. Here's what the companies say will actually change.

📆 9/25/2018 3:29 PM
📰 BusinessInsider

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Michael Kors is buying Versace in a $2.12 billion deal. The companies said Tuesday that changes are in the works, including opening roughly 100 Versace stores, doubling down on shoes and accessories, and building up online shopping.

Write Comment

You cant kill whats alrd fking dead

Im the terrified fan

I worry about macro breweries buying small craft breweries and ruining them. I understand your pain

LiberalismIsAMentalDisorder LMFAO This will change NOTHING in the average persons life. The 1%ers will be affected monetarily, yet the Sheeple think their opinions matter😂🤣poor little peasants need things to empower them=in THEIR minds only, no one else GAF

They SHOULD be terrified. This just depreciated the value of a Versace item from haute to mall rat. Half the allure and price justifier of luxury is quality; but the OTHER half is strip-mall unattainability

HORRIBLE NEWS

Who cares? Do you see the woman in the picture? It looks like a gorilla kept punching her in the lips. If that's Versace fashions, then I say burn it to the ground.

Well won’t be buying Versace anymore and my son is named Gianni. This is disturbing to hear. What a great legend with such great history washed away. So sad to hear this. Hopefully they back out of the deal last minute.

Yea, will the versace brand disappear? I have clothes, ties, belts and versace key chains.

Never sell the family farm you hire people that can make it grow. No vision you hire a visionary person and pay them well

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Michael Kors Announces Acquisition Of Versace For $2.1 BillionMicheal Kors Holdings will also be renamed to Capri Holdings Limited. erick carman south park This isn’t right 🤔
Source: Forbes - 🏆 394. / 53 Read more »

Michael Kors Levels Up On Urban Culture With Versace AcquisitionVersace found the ultimate fan base with ’90s rap icons. And now, Michael Kors' $2.1 billion acquisition of the iconic Italian luxury house plans to tap into the mutual admiration that lingers to this day. Hip-hop is a powerful tool for reaching Generations Y and Z. Why these guys? Ain't they toooooo short for this one? :D
Source: Forbes - 🏆 394. / 53 Read more »