Breaking News: Michael Kors bought Versace

Just a couple of hours ago Michael Kors bought the brand Versace for $ 2.1 billion․ It is said that Michael Kors is going to create the first multi-brand fashion empire in America’s history, and the first step towards this goal was made last year when he bought Jimmy Choo for 896 million pounds.

Insiders also report that the Versace family will continue to play some role in the family brand, though, it is still unknown what they are going to do. We are waiting for details!