Michael Kors Acquires Versace for US$2 Billion, Blackstone to divest minority stake

Versace, one of the last family-owned Italian luxury brands has just been acquired by Michael Kors for US$2 billion. Blackstone will divest its minority stake as part of the deal.

The post Michael Kors Acquires Versace for US$2 Billion, Blackstone to divest minority stake appeared first on LUXUO.

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