Michael Kors becomes Capri Holdings following Versace buyout
Fashion group Michael Kors has been renamed as Capri Holdings after completing the acquisition of Italian brand Versace. "With the acquisition...we've created one of the leading global fashion luxury groups in the world," Michael Kors CEO John D Idol said. Michael Kors, which acquired luxury retailer Jimmy Choo in 2017, bought Versace for over $2.1 billion in September 2018. 