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Reports: Versace prepping to be sold to Michael Kors

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It probably would be something Gianni Versace would’ve never wanted, but, it appears close to becoming a reality.  According to several Italian newspapers,  the Versace Group is prepping to be sold to the American fashion designer for roughly 2billion euros ($2.4billion).

The formal announcement is expected from both groups sometime this week. Versace  dismissed the report with no comment when contacted by The Daily News.

The Versace Group has been eyeing a public listing for several years.  Most recently, Versace’s Donatella Versace presented their upcoming presentations at Milan Fashion Week over the weekend.


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