{"id":129014,"date":"2018-09-25T15:12:33","date_gmt":"2018-09-25T13:12:33","guid":{"rendered":"https:\/\/www.waitfashion.com\/versace-the-luxury-brand-has-been-officially-sold-to-michael-kors-for-2-billion\/"},"modified":"2018-09-25T15:12:33","modified_gmt":"2018-09-25T13:12:33","slug":"versace-the-luxury-brand-has-been-officially-sold-to-michael-kors-for-2-billion","status":"publish","type":"post","link":"https:\/\/www.waitfashion.com\/en\/versace-the-luxury-brand-has-been-officially-sold-to-michael-kors-for-2-billion\/","title":{"rendered":"Versace, the luxury brand has been officially sold to Michael Kors for $ 2 billion"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56626\" src=\"\/\/www.waitfashion.com\/wp-content\/uploads\/2018\/09\/Versace-960x450.jpg\" alt=\"\" width=\"960\" height=\"450\" data-id=\"56626\" \/><\/p>\n<p>In the wake of the <a href=\"\/\/www.waitfashion.com\/en\/versace-ss-19-gives-total-power-to-color\/\"><strong>Versace spring \/ summer 2019<\/strong><\/a> fashion show, certain rumors have reported that <strong><a href=\"https:\/\/www.michaelkors.it\">Michael Kors<\/a> officially signed the contract to acquire the iconic Italian fashion house in a deal worth about $ 2 billion<\/strong>.<\/p>\n<p>From now on, the <strong>Versace family will no longer own the label<\/strong> of the same name for the first time since <strong>Gianni Versace<\/strong> founded the brand almost 40 years ago.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56624\" src=\"\/\/www.waitfashion.com\/wp-content\/uploads\/2018\/09\/djani-versace.jpg\" alt=\"\" width=\"1200\" height=\"660\" data-id=\"56624\" \/><\/p>\n<p>Till now, the matriarch <a href=\"https:\/\/www.instagram.com\/donatella_versace\/\"><strong>Donatella Versace<\/strong><\/a>, and the <strong>Versace<\/strong> family owned 80% of the company after selling 20% \u200b\u200bto the US private equity group <strong>Blackstone<\/strong> in 2014, which ceded its stake with the\u00a0<strong>Versace&#8217; sale<\/strong>.<\/p>\n<p>However, the<strong> Versace<\/strong> <strong>family will still have a role in the company<\/strong>, but the Italian label will join the footwear brand <strong>Jimmy Choo<\/strong>, acquired by <strong>Kors<\/strong> last year for 1.2 billion dollars.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56630\" src=\"\/\/www.waitfashion.com\/wp-content\/uploads\/2018\/09\/9307c602-bfde-11e8-a3ed-486762a1e8de_2018-09-21T185507Z_627030323_RC1959777A90_RTRMADP_3_FASHION-MILAN-VERSACE-kfHD-U112052356652304C-1024x576@LaStampa.it_.jpg\" alt=\"\" width=\"1022\" height=\"576\" data-id=\"56630\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; In the wake of the Versace spring \/ summer 2019 fashion show, certain rumors have reported that Michael Kors officially signed the contract to acquire the iconic Italian fashion house in a deal worth about $ 2 billion. From [&hellip;]<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,69448],"tags":[],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.waitfashion.com\/en\/wp-json\/wp\/v2\/posts\/129014"}],"collection":[{"href":"https:\/\/www.waitfashion.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.waitfashion.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.waitfashion.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.waitfashion.com\/en\/wp-json\/wp\/v2\/comments?post=129014"}],"version-history":[{"count":0,"href":"https:\/\/www.waitfashion.com\/en\/wp-json\/wp\/v2\/posts\/129014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.waitfashion.com\/en\/wp-json\/wp\/v2\/media?parent=129014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waitfashion.com\/en\/wp-json\/wp\/v2\/categories?post=129014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waitfashion.com\/en\/wp-json\/wp\/v2\/tags?post=129014"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.waitfashion.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=129014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}