Capri Holdings Limited news and archive

Capri Holdings Limited completes acquisition of Versace

Michael Kors Limited has completed its change of name to Capri Holdings Limited. From January 2, its ticker symbol at the New York Stock Exchange will be CPRI. Fashion’s new luxury conglomerate, which includes footwear label Jimmy Choo, has also announced it has completed the acquisition of Italian fashion house Versace. The 2 billion US dollar...

Business

Donatella says no Italian companies were interested in buying Versace

After announcing the sale of Versace to Michael Kors Holdings Limited, Donatella Versace was inquired by Italian newspaper Corriere della Sera about the decision to sell the company to an American business, rather than a fellow Italian one. Matteo Salvini, Italy’s Deputy Prime Minister, reacted to the news by saying he’s “fed up” of seeing...

Management|UPDATE

It’s official: Michael Kors buys Versace, company to be renamed Capri Holdings Limited

The rumors were true: Michael Kors Holdings Limited has confirmed the acquisition of Italian luxury house Gianni Versace S.p.A for a total value of 1.83 billion euro (approximately 2.12 billion US dollars). “The acquisition of Versace is an important milestone for our group. Versace was founded in 1978. For over 40 years, Versace has represented...