Here's What Fashion Insiders Think About Versace's Sale to Michael Kors

Versace's sale to Michael Kors has caused ripples throughout the world of fashion. First announced on Monday September 24 via newspaper reports, it was confirmed the following day alongside news that the Kors business had changed its name to Capri Holdings. The deal was the first big eye opener, with Kors paying $2.12 billion USD for the company that was seen as being somewhat in flux after closing 42 stores in 2017 and planning a new retail strategy. For Kors, the move was clearly part of a str...