Michael Kors Buys Versace for $2.12 Billion
Michael Kors has bought Versace for $2.12 billion, which was confirmed on Tuesday (September 25) amid speculation. Donatella Versace, who ran the luxury fashion brand with her brother Santo and her daughter Allegra, released a statement about the deal, which read, “It has been more than 20 years since I took over the company along…