U.S. fashion group Michael Kors (KORS.N) has agreed to buy Versace in a deal valuing the revered designer at $2 billion including debt, the companies said on Tuesday, making it the latest Italian brand to fall into foreign hands.
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Instagram’s founders are leaving the company
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Italian fashion giant Versace is about to be sold, the country’s biggest-selling newspaper said on Monday, citing anonymous sources who suggested the deal could come in the next few hours.
— Read on www.thelocal.it/20180924/versace-sold-rumours/amp
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