{"id":11115,"date":"2018-10-23T16:51:06","date_gmt":"2018-10-23T20:51:06","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=11115"},"modified":"2018-10-23T16:51:06","modified_gmt":"2018-10-23T20:51:06","slug":"michael-kors-acquires-versace-gets-new-name","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2018\/10\/michael-kors-acquires-versace-gets-new-name\/","title":{"rendered":"Michael Kors Acquires Versace, Gets New Name"},"content":{"rendered":"<p><strong>Michael Kors Holdings Limited <\/strong>recently announced that it will acquire Italian fashion house Versace for a price tag north of $2.0 billion. The move follows Kors\u2019 acquisition of shoe brand Jimmy Choo in 2017.<\/p>\n<p>The deal is expected to close by the end of the year, at which time Michael Kors Holdings Limited will adopt Capri Holdings Limited as its new name. The name \u201cis inspired by the fabled island which has long been recognized as an iconic, glamorous and luxury destination,\u201d and the change reflects the public company\u2019s move beyond a single-brand focus after the acquisition of Jimmy Choo and Versace.<\/p>\n<p><center><\/p>\n<div class='tableauPlaceholder' id='viz1540327707106' style='position: relative'><noscript><a href='#'><img alt=' ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Mi&#47;MichaelKorsLocations1018&#47;MKLocations1018&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/><param name='embed_code_version' value='3' \/><param name='site_root' value='' \/><param name='name' value='MichaelKorsLocations1018&#47;MKLocations1018' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Mi&#47;MichaelKorsLocations1018&#47;MKLocations1018&#47;1.png' \/><param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><\/object><\/div>\n<p>                <script type='text\/javascript'>                    var divElement = document.getElementById('viz1540327707106');                    var vizElement = divElement.getElementsByTagName('object')[0];                    vizElement.style.width='600px';vizElement.style.height='527px';                    var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/center><\/p>\n<p>Investors don\u2019t seem as keen on the idea as the company. In the four weeks since the announcement was originally made, Kors\u2019 stock price fell from $72.69 per share immediately preceding the announcement to $58.23 at the closing bell on Monday.<\/p>\n<p>If it\u2019s your business to know the luxury fashion and accessories business, Chain Store Guide can help. Our <a href=\"https:\/\/www.chainstoreguide.com\/c-75-apparel-specialty-store-leads.aspx\" target=\"_blank\" rel=\"noopener\">Apparel Specialty Stores <\/a>database contains personnel listings for 470+ buyers and decision makers at Michael Kors and Versace.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Kors Holdings Limited recently announced that it will acquire Italian fashion house Versace for a price tag north of $2.0 billion. The move follows Kors\u2019 acquisition of shoe brand Jimmy Choo in 2017. The deal is expected to close by the end of the year, at which time Michael Kors Holdings Limited will adopt&hellip; <a class=\"more-link\" href=\"https:\/\/www.chainstoreguide.com\/offthechain\/2018\/10\/michael-kors-acquires-versace-gets-new-name\/\">Continue reading <span class=\"screen-reader-text\">Michael Kors Acquires Versace, Gets New Name<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[17],"class_list":["post-11115","post","type-post","status-publish","format-standard","hentry","category-apparel-department","tag-csg-exclusive","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=11115"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11115\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=11115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=11115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=11115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}