Similar Stories to Michael Kors Is Close To Buying Versace For $2 Billion on Bing News

Handbag maker Michael Kors Holding Ltd. is nearing an agreement to buy Gianni Versace SpA after the Italian fashion house known for its baroque designs drew interest from several suitors, people familiar with the plans said. Michael Kors may announce a deal as early as this week that values Versace at about $2 billion, said the people, who asked not to be identified as the discussions are private.

BING NEWS:
  • FTC Files Lawsuit To Block $8.5B Merger Of Coach And Versace Handbag Makers
    This unusual antitrust challenge against a high-end fashion merger could potentially set a new standard for luxury deal regulation, according to several antitrust lawyers.
    04/23/2024 - 3:59 am | View Link
  • Coach and Versace Owners Capri, Tapestry Merger on Hold, FTC Files Lawsuit
    FTC has filed a lawsuit to stop a merger between Tapestry and Capri that could put labels like Coach, Michael Kors, Versace under one house.
    04/22/2024 - 8:19 pm | View Link
  • US Sues To Block Coach Owner's $8.5 Bn Buyout Of Versace Parent
    The US Federal Trade Commission (FTC) said Monday it has sued to block fashion group Tapestry's $8.5 billion deal to buy Capri, which owns luxury brands including Michael Kors and Versace.
    04/22/2024 - 2:51 pm | View Link
  • US sues to block Coach and Michael Kors merger
    The US competition watchdog has sued to block fashion accessory giant Tapestry's $8.5bn (£6.9bn) takeover of rival Capri. The US Federal Trade Commission (FTC) said if allowed, "the deal would ...
    04/22/2024 - 2:41 pm | View Link
  • Michael Kors Is Back on Rodeo Drive
    Retail neighbors there include Tiffany & Co., Jimmy Choo, Versace and Brunello Cucinelli. The 1,500-square-foot Michael Kors Collection ... the same as seeing it up close, of feeling the quality ...
    04/17/2024 - 7:43 pm | View Link
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