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Michael Kors tipped to buy Versace $2bn

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Michael Kors tipped to buy Versace $2bn Michael Kors tipped to buy Versace $2bn[/caption]

Versace, the Italian fashion house founded by Gianni Versace 40 years ago, is set to be bought by Michael Kors, according to reports.

The US fashion group has agreed to buy the Italian firm in a deal worth about €1.7bn ($2bn, £1.5bn), Reuters reported. The Italian newspaper Corriere della Sera first reported the impending sale earlier on Monday. The Versace family still owns 80% of the company. Four years ago it sold a 20% stake to US private equity group Blackstone. Versace and Blackstone both declined to comment to Reuters. Last year, Michael Kors bought Jimmy Choo, the luxury shoemaker founded in London, for almost £900m. Donatella Versace, the firm’s artistic director and vice-president, has called a staff meeting in Milan for Tuesday, Corriere della Sera reported. Versace reported sales of €686m in 2016. Chief executive Jonathan Akeroyd said earlier this year that annual turnover was soon expected to exceed €1bn. Gianni Versace was 50 when he was murdered outside his Miami mansion in July 1997 by Andrew Cunanan.   SOURCE: BBC.COM]]>

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Restore Deleted Political Posts on IG– Yul Edochie Urges Funke Akindele 

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Famed Nigerian actor Yul Edochie has advised colleague, Funke Akindele, to restore all the deleted politics-related content on her Instagram account. (more…)

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Mr Logic Blasts Edem Over Political Flyers; Says There Is No Time For Jokes

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Radio personality cum artist manager, Emmanuel Barnes, popularly known as Mr logic in the entertainment industry has express worry and anger following Edem’s parliamentary bid disappointment. (more…)

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VGMA 2023: It Hurts Being Snubbed But Awards Do not Define Me – Eno Barony

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Popular Ghanaian female rapper and singer, Ruth Eno Adjoa Amankwa Adom, known professionally by her stage name Eno Barony, has expressed her disappointment and shock at not being nominated in this year’s Vodafone Ghana Music Awards. (more…)

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American filmmaker Spike Lee is in Ghana

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American filmmaker Shelton Jackson, popularly known as Spike Lee, has arrived in Ghana. (more…)

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Mark Okraku Mantey doesn’t deserve to be an MP, he has failed as a minister – Bulldog

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Lawrence Nana Asiamah Hanson, a popular artiste manager and entertainment pundit, has opined that Deputy Minister for Tourism, Culture and Creative Arts, Mark Okraku Mantey does not
deserve to be a lawmaker in Ghana’s parliament as he has failed as a politician ever since he assumed office as a minister some four years ago. (more…)

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History proves Chance The Rapper wrong on assertion of hosting the biggest concert ever in Ghana

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History proves Chance The Rapper wrong on assertion of hosting the biggest concert ever in Ghana

Ghana’s social media was divided in opinions when Grammy-award winning, Chance the Rapper asserted that his inaugural Black Star Line Festival in January, 2023 is the biggest concert to be held in the country. (more…)

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