![](https://multichannelmerchant.com/wp-content/uploads/2017/05/michaelkors-resized-300x159.jpg)
Michael Kors to Acquire Versace for $2.12 Billion
Michael Kors Holdings Limited announced that a definitive agreement has been made to acquire Gianni Versace S.p.A for a total of $2.12 billion (1.83 billion Euro). Here are some of the key initiatives this acquisition will bring for both luxury brands.