William Blair Remains Sidelined on Michael Kors (KORS) Following Versace Acquisition Reports
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Michael Kors Holdings Limited to Be Renamed Capri Holdings Limited
September 25, 2018 7:00 AM EDTExpanding Global Fashion Luxury Group with Acquisition of Versace
LONDON--(BUSINESS WIRE)-- Michael Kors Holdings Limited (NYSE: KORS), a global fashion luxury group, announced today that a definitive agreement has been signed to acquire allof the outstanding shares of Italian luxury fashion house Gianni Versace S.p.A. for a total enterprise value of Euro 1.83 billion or approximately US$2.12 billion. Versace, long recognized as one of the worlds leading luxury fashion companies, is synonymous with Italian glamour and style.
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