ITALY > London based Michael Kors is set to acquire Italy’s Versace for 1.83 billion euros ($2.1 billion)

michael kors London based with roots in United States, Michael Kors, is set to acquire Italy based Versace for 1.83 billion euros ($2.1 billion). Michael Kors also bought shoemaker Jimmy Choo last year for $1.4 billion and with the latest acquisition of Versace will add new layer to Michael Kors offering. According to Michael Kors chief executive John D. Idol: “We are More …