What Fashion Insiders Think About Versace’s Sale to Michael Kors?

Industry experts share their opinions on the recent acquisition. HYPEBEAST [Features]( September 28, 2018 [Here’s What Fashion Insiders Think About Versace’s Sale to Michael Kors]( Industry experts share their opinions on the recent acquisition. [Versace Michael Kors]( PAUL JEONG/HYPEBEAST 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 strategic move on their part, having last bought Jimmy Choo in 2017 for $1.2 billion USD. So, to make more sense of this move, we asked some fashion insiders about this acquisition and how it’d affect Versace and Kors going forward. It isn’t like Michael Kors himself will be making design decisions. [Versace Michael Kors]( PAUL JEONG/HYPEBEAST Rachel Seville Tashjian (Garage): I doubt this will have an effect on how consumers view Versace. Michael Kors bought Jimmy Choo last summer, and that hasn’t shifted public opinion on the shoe brand. Keep in mind that Michael Kors is a holding company (in fact, they’ve changed the name to Capri Holdings–very tight), so it isn’t, as some of the fashion Twitterazzi seem to believe, that Michael himself will be making design decisions. If anything, this marks the beginning of Michael Kors’ transformation into a luxury group of the kind we traditionally see in Europe, such as Kering and LVMH. And very few Gucci acolytes, for example, are aware that its parent company Kering also owns Balenciaga and Saint Laurent. [READ FULL ARTICLE ON HYPEBEAST →](   [Go to Preference Centre](     [More HYPEBEAST Features]( [[ENTERTAINMENT]( ['FIFA 19' Review: 6 Essential Things to Know]( [[FASHION]( [8 Drops You Don't Want to Miss This Week]( Get The App Free on iOS and Android Follow 2018 HYPEBEAST Limited. All Rights Reserved [Manage Subscriptions]( You can unsubscribe by click [here](3D--c8eca380860280ef0e721bbfbe05964bc01ab5a8d9de5f8e7f41ae1a41141f72). It may take 48 hours to complete the unsubscribe process. Contact subscription@hypebeast.com for assistance on any enquiries. You are receiving this email because you have subscribed to HYPEBEAST's marketing emails. You can unsubscribe from us any time by clicking [here](3D--c8eca380860280ef0e721bbfbe05964bc01ab5a8d9de5f8e7f41ae1a41141f72). Our Mailing Address: HYPEBEAST, 10F, KC 100, 100 Kwai Cheong Road, Kwai Chung, Hong Kong