Headlines

Versace Acquisition Complete

Michael Kors changes company name to Capri Holdings

Published

5 years ago

January 2, 2019

New York-based Michael Kors Holdings Ltd. has officially changed its name to Capri Holdings, following the completion of its acquisition of Versace. As of today, the company will trade under its new name, which was inspired by the luxury island destination.

The company entered into a $2.1 billion deal to purchase Versace in September 2018. The previous year, the company purchased Jimmy Choo for $1.2 billion.

According to Women’s Wear Daily, the newly expanded portfolio is expected to bring in a revenue stream of about $8 billion, with Versace accounting for about $2 billion of that.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design