Michael Kors to Buy Versace?
Clothing and apparel maker Michael Kors is reportedly closing in on a deal to scoop up Italian luxury designer Versace. The deal is said to be worth $2 billion. The timing could be perfect for Kors as the Versace brand recently started turning profits again. Michael Kors has been busy in recent months. Just last year he bought British brand Jimmy Choo for an estimated $1.2 billion. What is your go-to luxury clothing maker? What is the one brand that you will pay any price for?
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