Published: September 24, 2018
Donatella Versace expected to confirm deal with handbag and clothing brand on Tuesday
Versace, the Italian fashion house founded by Gianni Versace 40 years ago, has reportedly been sold to US handbag and clothing brand Michael Kors for $2bn (£1.5bn).
Donatella Versace, the brand’s vice-president and artistic director, has called an all-staff meeting for Tuesday to announce the deal, according to the Italian newspaper Corriere della Sera.
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