CAPRI HOLDINGS ACQUIRES ITALIAN SHOE MANUFACTURER
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MICHAEL KORS BUYS VERSACE IN $2.12 BILLION DEAL
Versace’s management team will continue to be led by chief executive officer Jonathan Akeroyd, and Donatella will remain in her role in leading the company’s creative vision.
Read MoreMICHAEL KORS NAMES ANDREA PESARESI PRESIDENT OF ITS MEN’S BUSINESS
Pesaresi was most recently at Philippe Model, where he served as chief executive officer. Prior to that, Pesaresi was at Ermenegildo Zegna for 25 years.
Read MoreMICHAEL KORS ENTERS GOLF WORLD WITH FIRST PRO GOLFER SPONSORSHIP
The partnership will feature Charl Schwartzel as the brand’s first golf ambassador wearing Michael Kors men’s apparel throughout his worldwide tour appearances, which include PGA, European, and Sunshine tour events.
Read MoreMICHAEL KORS TO ACQUIRE JIMMY CHOO IN $1.35 BILLION DEAL
Pierre Denis will continue in his role as chief executive officer of Jimmy Choo and the brand continues to build its presence in accessories and men’s footwear.
Read MoreMICHAEL KORS TO CLOSE UP TO 125 STORES
Collectively, the company ultimately anticipates an ongoing annual savings of $60 million as a result of store closures.
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