Michael Kors has reached an agreement to detect the control of Versace.

The American group Michael Kors, headed by Michael Kors and (since 2017) the luxury footwear brand Jimmy Choo, has reached an agreement to detect the control of Versace. According to three sources close to the situation, confirming press rumors that cited the US designer among the possible buyers. According to two of the respondents, the Italian brand has been valued at least 2 billion dollars (about 1.7 billion euros).