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Reports: Versace Has Been Sold To Michael Kors For €1.5 Billion.

: 09/24/2018 - 17:41

It's reported Italian fashion house Versace is to be sold to Michael Kors for over €1.5 billion. 

Last year, the American brand bought luxury shoemaker Jimmy Choo. 

The Versace family still owns 80 percent of its company after selling the other 20 to a private equity group four years ago.

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