Michael Kors plans to turn Versace into a multibillion-dollar business!
The Question Is. . . . . . . Can it make it work?
Kors, which is changing its corporate name to Capri Holdings Ltd., announced Tuesday that it would buy Gianni Versace SpA for about $2.2 billion. It outlined a plan to more than double the high-end brand’s sales by opening about 100 new stores, investing in e-commerce and selling more accessories and footwear under the Versace label. It’s also…
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