Michael Kors ups the glamour, buys Versace for $2 billion

Michael Kors Holdings Ltd, like others in the fashion industry, is trying to fire up sales by taking on big name brands like the globally revered Versace. The deal announced Tuesday follows the New York handbag maker's $1.35 billion acquisition last year of the shoemaker Jimmy Choo.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2O9kvv7