Versace Sold Its Soul To A Big, Orange American. Not Trump – Michael Kors

Sweet holy hell! It’s all been kicking off this week. Fashionistas all over the world have been shedding an opulent tear this week after we lost one of the greats. Specifically, Versace. Before you start, no, Donatella is not dead but the reputation of the brand may well be after the monumental business deal that has just happened. Michael Kors has just purchased the Versace brand for $2.1 billion. I know – the shock has truly hit us all. Kors wanted to buy the ostentatious fashion house to try and rival the big European luxury conglomerates. They believe they can turn Versace into a multibillion-dollar brand. The news hit about the…