Motley Fool |
Michael Kors' Buying Versace Is a Major Fashion Faux Pas
Motley Fool Michael Kors Holdings (NYSE:KORS) agreed to buy high-end designer Versace in a deal that values the fashion house at $2.1 billion, an acquisition that seems to please no one. Because Kors is viewed as an aspirational luxury brand, whereas the Italian ... |
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