If you’re a fashion enthusiast, you might have heard rumors about Michael Kors owning Versace. Well, it’s time to set the record straight.
Does Michael Kors own Versace? Let’s find out.
Background of Michael Kors and Versace
Before we delve into whether Michael Kors owns Versace, let’s take a quick look at the background of these two fashion powerhouses.
Michael Kors is an American fashion designer who launched his eponymous label in 1981. The brand specializes in luxury accessories and ready-to-wear clothing for men and women. Over the years, Michael Kors has become a global brand with stores in more than 100 countries.
Versace, on the other hand, is an Italian luxury fashion house founded by Gianni Versace in 1978. The brand is known for its bold designs and use of bright colors and prints. Today, Versace offers luxury clothing, accessories, fragrances, and home furnishings.
Did Michael Kors Buy Versace?
Now let’s get to the question at hand – does Michael Kors own Versace? The answer is no.
In September 2018, it was announced that Michael Kors Holdings (now Capri Holdings Limited) had acquired the Italian fashion house for $2.12 billion. However, it’s important to note that while Capri Holdings owns both brands, they are operated separately and have distinct identities.
What Does This Mean for Versace?
Despite being under the same parent company as Michael Kors, Versace remains an independent brand with its own creative team led by Donatella Versace. The acquisition has allowed Versace to expand its reach globally while maintaining its unique identity.
The Bottom Line
In conclusion, while Capri Holdings (formerly known as Michael Kors Holdings) does own Versace, Michael Kors himself does not own the Italian fashion house. The acquisition has allowed Versace to continue to thrive and grow independently while benefiting from the support of a larger parent company.
If you’re a fan of either brand, you can rest assured that they are both continuing to create beautiful and unique fashion pieces for years to come.
10 Related Question Answers Found
There has been a lot of buzz around the fashion industry ever since the news broke out that Michael Kors may have acquired Versace. The rumors started circulating in September 2018, and since then, people have been speculating about whether or not it is true. So, does Michael Kors really own Versace?
There has been a lot of buzz surrounding the ownership of the luxury fashion brand Versace. In 2018, Michael Kors Holdings Limited (now Capri Holdings Limited) announced its acquisition of Versace for $2.1 billion. However, the question on everyone’s mind is – does Michael Kors still own Versace?
If you’re a fashion enthusiast, you may have come across the names Michael Kors and Versace. Both these brands are known for their luxurious and high-end fashion products. However, there has been some confusion surrounding the ownership of these brands.
There has been a lot of buzz lately surrounding the luxury fashion brand Versace and its ownership. Rumors have been circulating that Michael Kors, known for his eponymous fashion line, is now the owner of Versace. But is there any truth to these rumors?
There has been a lot of speculation in the fashion industry about whether Versace owns Michael Kors. To answer this question, we need to take a closer look at both of these iconic fashion brands. Versace
Versace is an Italian luxury fashion company that was founded by Gianni Versace in 1978.
If you’re a fashion enthusiast, you might have heard rumors about Michael Kors owning Versace. But is it true? Let’s find out.
Recently, there have been rumors that American fashion designer Michael Kors is planning to acquire the Italian luxury fashion house Versace. The idea of two fashion powerhouses joining forces has caused a stir in the industry, and many are curious about what this acquisition could mean for both brands. What we know so far:
The rumors of Michael Kors’ interest in Versace began in early September 2018, shortly after the Italian fashion house presented its Spring/Summer 2019 collection during Milan Fashion Week.
The fashion industry is buzzing with rumors that Michael Kors, the renowned American fashion designer, has purchased Versace. The news has been met with mixed reactions from fashion enthusiasts around the world, some excited about the potential collaborations while others are concerned about the direction of both brands. While neither Michael Kors nor Versace have confirmed the acquisition, there are several signs that suggest it may be true.
Is Michael Kors Buying Versace? Rumors have been swirling in the fashion industry that American luxury fashion brand, Michael Kors, is in talks to acquire Italian fashion house, Versace. If this deal goes through, it could mean big changes for both brands and the fashion industry as a whole.
There have been rumors circulating in the fashion industry that Versace, the iconic luxury brand, has been sold to Michael Kors. While there has been no official confirmation of this news, speculation has been rife. What We Know So Far
Versace has been a family-owned business since its inception in 1978.
