Versace sold to Michael Kors in $2.1 billion deal

More than two decades after Italian designer Gianni Versace was murdered in front of his Miami mansion, his namesake fashion house has been sold to Michael Kors for $ 2.12 billion.

The late designer’s sister, Donatella Versace, will remain on as creative director of the luxury brand.

“Donatella’s…

Life Style – New York Daily News

FASHION DEAL UPDATE:

Michael Kors Brings Pesaresi on Board to Helm Men’s Division

Michael Kors Holdings Limited has named Andrea Pesaresi president of Michael Kors Men’s, effective Oct. 15.
He succeeds Don Witkowski, who passed away in June, and will report to John D. Idol, chairman and chief executive officer.
Pesaresi was most recently ceo of Philippe Model, but prior to that, he spent 25 years at Ermenegildo Zegna, where his most recent role was brand director of Z Zegna and Licensing, a post that encompassed product development, brand strategy, international expansion and marketing. Pesaresi joined Philippe Model, an Italian sneaker brand, at the end of 2016.
“Andrea has been in the industry for 30 years and comes to us with extensive knowledge of the evolving luxury men’s marketplace,” Idol said. “Andrea will provide the necessary leadership to enable us to achieve our goal of developing the Michael Kors men’s wear business to $ 1 billion in revenue.”
The company declined to say how large the men’s business is today, but in the first-quarter earnings call in early August, Idol said that while men’s is “still small to the total company, it continues to grow.” He cited strength in logo sportswear “for Father’s Day gifting, particularly the Greenwich polo and our knit logo baseball jacket,” along with “refined pieces such

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Jimmy Choo shareholders vote for Michael Kors takeover

Luxury shoemaker Jimmy Choo on Monday said its shareholders voted in favor of a $ 1.2 billion takeover by fashion group Michael Kors. Almost all of the around 318 million votes cast at Jimmy Choo’s general shareholder meeting were in favor of the deal. Michael Kors agreed to buy Jimmy Choo in July. The British shoe…
Fashion | New York Post

SHOE DEAL UPDATE:

Michael Kors shares surge as handbag outlook brightens

Michael Kors Holdings reported better-than-expected quarterly results on Tuesday and lifted its annual revenue forecast as it opened more stores and benefited from strong demand in China, sending its shares soaring 18 percent. The US fashion accessories maker also for the first time provided an estimate of revenue from its recently announced deal to buy…
Fashion | New York Post

SHOE DEAL UPDATE:

Luxury retailers Ralph Lauren, Michael Kors are on the mend

Luxury retailers, beaten up in recent years, may have started to rebound, analysts said Tuesday. Both Ralph Lauren and Michael Kors, their stocks deep in the red this year, turned things around by posting second-quarter results that beat Wall Street expectations. Both designers reported sales declines — but they were smaller than the drop-offs recently…
Fashion | New York Post

SHOE DEAL UPDATE:

Michael Kors acquires Jimmy Choo for $1.2 billion

Are the Jimmy Choos worth it? Michael Kors is going to find out. Michael Kors shelled out $ 1.2 billion to buy the Jimmy Choo shoe brand on Tuesday —a price tag that struck some analysts as staggeringly high, like a pair of $ 750 Jimmy Choo pumps. Kors Chief Executive John Idol called London-based Choo a…
Business | New York Post

SPECIAL DISCOUNT UPDATE:

Michael Michael Kors Fulton Faux Leather Large Crossbody Bag

Michael Michael Kors Fulton Faux Leather Large Crossbody Bag


A trendy yet polished monogram print adorns this sleek Michael Michael Kors crossbody bag. Features a pebbled PVC exterior; dual top zip closures with magnetic logo charm closure; one outer pocket and a buckle-adjustable crossbody strap. Two zipper compartments; one open compartment with two slit pockets; six card holders and one ID slot at interior
List Price: $ 188.00
Price: $ 188.00

Michael Michael Kors Jet Set Large Travel Messenger Bag

Michael Michael Kors Jet Set Large Travel Messenger Bag


Showcase your style allegiance with this logo printed messenger bag from Michael Michael Kors. Featuring a logo print exterior; a top-zip closure; a buckle-adjustable shoulder strap; hanging logo charm; polished logo plate at front and one back pocket. Three open pockets and one cell pocket at interior
List Price: $ 198.00
Price: $ 198.00