Michael Kors snaps up Versace: sources

By Pamela Barbaglia
Updated September 25 2018 - 12:11am, first published September 24 2018 - 5:27pm
Michael Kors has made no secret of its ambition to grow its portfolio of luxury, high-end brands.
Michael Kors has made no secret of its ambition to grow its portfolio of luxury, high-end brands.

US fashion group Michael Kors Holdings has agreed to take control of Italy's Versace in a deal that could value the company at $US2 billion ($A2.8 billion), sources familiar with the matter say.