Michael Kors, now Capri Holdings, completes Versace deal

Advertisement

Advertise with us

NEW YORK - Having added a pair of high-end brands to its stable, Michael Kors is changing its name to Capri.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 31/12/2018 (2805 days ago), so information in it may no longer be current.

NEW YORK – Having added a pair of high-end brands to its stable, Michael Kors is changing its name to Capri.

The company announced the acquisition of the Italian fashion house Versace for more than $2 billion (1.83 billion euros) in September, less than two years after acquiring Jimmy Choo, the shoemaker that rocketed to fame on the high heels of “Sex and the City.”

Michael Kors Holdings, like its counterparts in France, has charged aggressively into the upper echelons of luxury fashion hoping to pump up sales. Kering snapped up Gucci, Bottega Veneta and Pomelato and LVMH bought Bulgari and Loro Piana.

FILE - In this Friday, Sept. 21, 2018 file photo, Donatella Versace comes on the catwalk at the end of Versace's women's 2019 Spring-Summer collection, unveiled during the Fashion Week in Milan, Italy. Luxury fashion company Michael Kors Holdings is now Capri Holdings Limited after completing its acquisition of Versace. Michael Kors Holdings Ltd. announced the purchase of the Italian fashion house Versace for more than $2 billion (1.83 billion euros) in September.. (AP Photo/Antonio Calanni, File)
FILE - In this Friday, Sept. 21, 2018 file photo, Donatella Versace comes on the catwalk at the end of Versace's women's 2019 Spring-Summer collection, unveiled during the Fashion Week in Milan, Italy. Luxury fashion company Michael Kors Holdings is now Capri Holdings Limited after completing its acquisition of Versace. Michael Kors Holdings Ltd. announced the purchase of the Italian fashion house Versace for more than $2 billion (1.83 billion euros) in September.. (AP Photo/Antonio Calanni, File)

Capri Holdings Ltd. is projecting $8 billion in annual sales, with most of that coming from Michael Kors. Starting Wednesday, its New York Stock Exchange ticker symbol will be CPRI.

Gianni Versace founded Versace in 1978. The family-run business was thrown into chaos with Versace’s murder 21 years ago. His sister, Donatella Versace, will continue with the company, holding the position of creative director.

Michael Kors, who founded the company under his name, also remains as creative director of that wing of the company.

Report Error Submit a Tip

More Stories

Discourse we’d rather avoid

Tory McNally 8 minute read Preview

Discourse we’d rather avoid

Tory McNally 8 minute read 2:01 AM CDT

We have all been there. A colleague says something that bothers us. A manager is not addressing an issue everyone can see. An employee’s behaviour is becoming increasingly difficult. A misunderstanding has taken on a life of its own. Or perhaps we simply need to have a conversation that we know is going to be uncomfortable.

Our first instinct is often to avoid it.

Honestly, that instinct is understandable. Difficult conversations can make us nervous. We worry about upsetting someone, damaging a relationship, saying the wrong thing or making a situation worse.

Sometimes we tell ourselves the problem will resolve itself. We decide to wait for a better time. We send the email instead of having the conversation. We hope if we give it a little more time, somehow it will become easier.

Read
2:01 AM CDT

St. Malo’s summer hot spot relies on dedicated community to make sure park-goers can kick back and relax

Melissa Martin 16 minute read Preview

St. Malo’s summer hot spot relies on dedicated community to make sure park-goers can kick back and relax

Melissa Martin 16 minute read Yesterday at 6:00 AM CDT

It’s shaping up to be a hot late-August Friday in southern Manitoba; the forecast warns of a thunderstorm in the late afternoon, but that won’t stop Manitobans from flocking to savour one of the last great beach days of the summer.

Read
Yesterday at 6:00 AM CDT

Westwood standoff ends with two arrested

Morgan Modjeski and Erik Pindera 3 minute read Preview

Westwood standoff ends with two arrested

Morgan Modjeski and Erik Pindera 3 minute read Thursday, Sep. 3, 2026

An hours-long standoff in Westwood came to an end Thursday with Winnipeg police arresting two men and seizing a gun.

Winnipeg Police Service officers were called to Byrd Avenue shortly before 9:30 a.m. after a man was seen walking with what appeared to be a firearm, said police spokesman Const. Claude Chancy.

Officers identified a home connected to the investigation, he said.

Two men were arrested but Chancy could not yet say what they will be charged with. It’s not clear whether either of the men arrested was the male spotted with a gun.

Read
Thursday, Sep. 3, 2026

Smith’s pretzel logic confuses

Editorial 4 minute read Preview

Smith’s pretzel logic confuses

Editorial 4 minute read 2:01 AM CDT

Alberta Premier Danielle Smith had both sides of her mouth working overtime on Aug. 30, when she spoke at an event in Calgary to commemorate Alberta Day, the annual celebration of the province’s entry into Confederation in 1905 (officially Sept. 1, it was celebrated on the weekend).

Smith’s comments — and the things she did not say — revealed a lot about the political tightrope the premier is trying to walk over the challenges currently faced by her province. At the top of that list of challenges is a persistent campaign to separate Alberta from the aforementioned Confederation. A campaign that Smith appears to both support and oppose, depending on which day of the week it is.

Her Alberta Day remarks were an excellent case in point.

Smith has decided that on Oct. 19, Albertans will vote on a series of non-binding propositions in a province referendum. One of those questions will ask Albertans whether they want to hold a referendum on separation, thus making this fall’s vote a “referendum on whether to hold a referendum,” as some observers have dubbed it.

Read
2:01 AM CDT

Puzzles Palace

1 minute read Monday, Jul. 27, 2026

To solve our puzzles, please subscribe with this special offer: |

A life's story: translator, poet, radio host, actor loved life to the fullest

Tiago Resko 7 minute read Preview

A life's story: translator, poet, radio host, actor loved life to the fullest

Tiago Resko 7 minute read 3:00 AM CDT

Born with an innate sense of curiosity, Charles Leblanc always wanted to understand the world around him. To him, words and theatre weren’t just pastimes. They were means of understanding the human experience and helping others see different perspectives.

The poet, translator, actor and radio host dedicated his life to this practice, founding the Winnipeg International Writers’ Festival, establishing French community radio station En’Vol — where he hosted a show for 25 years — and acting as a core member of the Association of Translators, Terminologists and Interpreters of Manitoba.

Leblanc’s contributions and dedication to Manitoba’s arts and literary scenes made an impact that continues to be felt by the community.

He died June 26 at the age of 75.

Read
3:00 AM CDT