Versace Versace Will Sell MK For $2 Billion

When expanding the brand layout

Meeting buyers

According to Bloomberg's latest news, some sources say the American luxury group.

Or it will cost US $2 billion.

The details of the agreement will be officially announced on Tuesday morning.

February 2014 private Holdings Company USA

(Blackstone Group) purchased Versace 20% stake with 210 million euros. The Michael Kors group will buy Versace 20% stake in Blackstone Group.

Sources said that after the completion of the acquisition, Michael Kors group will continue to allow the Versace family to manage the brand.

According to the "women's Wear Daily" report, Versace has been looking for suitable buyers in the past few months. The brand has been with France luxury group LVMH, France luxury luxury cloud group.

Luxury group Tapestry, American luxury group PVH and Michael Kors group have established contacts.

Michael Kors group may be the most suitable buyer for Versace. In view of Michael Kors group CEO John D. Idol, it has been spreading the ambition of group expansion to the outside world in recent years. In 2017, it bought the British shoe brand Jimmy Choo for 1 billion 200 million US dollars.

The acquisition of Versace is the further expansion of Michael Kors group for multi brand portfolio.

"We are creating a global luxury group. Our goal is to be global.

Become an industry leader. "

Idol accepted last year's interview with women's wear daily.

Versace hired Alexander McQueen former CEO Jonathan Akeroyd as CEO in 2016, and Akeroyd has been preparing for the initial public offering after two years, but the listing plan has been shelved.

According to Versace data, the company gained $686 million in 2017 and returned to profitability.

At present, spokesmen for Blackstone Group, Versace company and Michael Kors group have not responded to the acquisition.