Michael Kors, Now Capri Holdings, Completes Versace Deal
The company announced the acquisition of the Italian fashion house Versace for more than $2 billion (1.83 billion euros) in September, less than two years after acquiring Jimmy Choo, the shoemaker that rocketed to fame on the high heels of “Sex and the City.”
Michael Kors remains the chief creative director at Capri Holdings Ltd., with $8 billion in projected annual sales. Starting Wednesday, its New York Stock Exchange ticker symbol will be