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Daily Archives: September 26, 2018

Michael Kors buys Versace for $2.1 billion

Michael Kors has said that it has agreed to buy luxury brand Versace, AFP is reporting. Earlier this week, it was reported that Versace was going on sale. In a statement released on Tuesday, Michael Kors’ CEO John D. Idol said it bought Versace for 1.83 billion euros ($2.1 billion). “We are