"While it is true that the enlarged group would be able to make savings on central costs, we don't see the addition of a brand like Versace being about helping to boost the Michael Kors brand", said Saunders.
Others worry that the reported price tag for Versace looks rich. Versace, whose namesake designer was gunned down in 1997 by aserial killer, is a brand that "some perceive as past its peak", said Craig Johnson, president of Customer Growth Partners.
There was no immediate comment from either of the fashion companies. Tapestry, formerly Coach, owns Stuart Weitzman and past year it acquired Kate Spade.
Rumours of an IPO have resurfaced since the company sold a 20 per cent stake to private equity giant Blackstone in 2014.
Michael Kors ($KORS) is reportedly nearing a deal to buy Versace in a deal that would value the storied Italian fashion house at around $2 billion.
A representative for Versace declined to comment on the potential transaction.
Djokovic hits Federer, pair lose in doubles at Laver Cup
Obviously I wanted to win as much as Roger ". "It's pretty incredible ", Dimitrov told reporters, of the team spirit. McEnroe interrupted saying: "Don't believe a word he's saying, he's trying to get sympathy, that's incredible".
With the Jimmy Choo purchase already showing results for the brand's top line, Kors' ambitions for aggregating various luxury brands under one large successful group continues to take shape.
Shares of Kors fell 7.4 per cent to US$67.32 in mid-morning trading in NY.
In 2016, Versace poached Alexander McQueen's boss Jonathan Akeroyd to help it smarten up for a stock market listing, although that never materialised. Versace has been pushing for an initial public offering, or IPO, but they failed to reach the goal due to a fluctuating market. Donatella serves as creative director, while Santo is chairman.
Versace had revenue of €686m euros and returned to profit in 2017, according to figures provided by the company. In a tribute to Gianni, Donatella Versace brought back the most iconic looks from his collections spanning the 1990s, including silk blouses mixing leopard prints with images of baroque architecture.
Models present creations at the Versace show during Milan Fashion Week Spring 2019 in Milan, Italy, September 21, 2018.
Trump expressed gratitude to Moon for his "dedicated efforts" to reach what he called "a historic milestone in trade". Trump and Rouhani have traded threats since, and in August, the administration reinstated sanctions against Tehran.
Garoppolo suffered the injury late in the fourth quarter of Sunday's matchup against the Kansas City Chiefs . The 26-year-old signed a five-year, $137.5 million contract with the team this past offseason.
Liverpool have had a slightly better start compared to Chelsea because they are yet to drop a single point. "He trains fantastic. The league cup might provide Sarri with the opportunity to integrate some of the fringe players into his style, however.
The marine mammal has a distinctively round, melon-shaped head and beluga whales can dive up to 2,300ft (700m) blow the surface. In 2006 a northern bottlenose whale shocked Londoners as it swam up the River Thames as rescuers tried in vain to save it.
Prime Minister Justin Trudeau said the federal government is prepared to assist those whose lives have been turned on end. Ontario Premier Doug Ford pledged the province's full support to Ottawa residents recovering from Friday's tornadoes.
She said she first met Cosby in 2002, when she served as director of operations for Temple University's women's basketball team. Bill Cosby leaving the courthouse yesterday, about to enjoy his last night of house arrest before years of incarceration.
Liverpool lead the table with six wins out of six while Chelsea and Manchester City have 16 points from six games. Wolves won automatic promotion from the Championship to the Premier League at the end of the 2017-18 campaign.
Mourinho and his side will be action this evening when Manchester United host Derby County in an EFL Cup clash at Old Trafford . The Red Devils lost to Chelsea FC in the FA Cup final last term to end Mourinho's second season without silverware.
Meanwhile, Cosby's lawyers had pushed for house arrest, citing their client's blindness, advanced age and declining health. In her victim statement, Andrea wrote, " Bill Cosby took my handsome , healthy young spirit and crushed it".
Semi-official news agency Mehr said further shooting broke out as some of the attackers who managed to escape were being chased. The Islamic Revolutionary Guards play a major role in Iran's regional interests in countries such as Iraq, Syria and Yemen.
Ford is unwilling to testify under oath in front of the Senate Judiciary committee about the long all alleged incident. The president has indicated he wants Ford to testify, saying, "I really want to see her, to see what she has to say".
Scattered showers and isolated thunderstorms will be possible during the day, especially during the afternoon. Patchy fog is expected to develop Tuesday afternoon, and highs should reach the mid 60s, forecasters said.
Pliskova beats Osaka on home soil to win Pan Pacific Open
The quarterfinalist at the US Open, Pliskova has reached the finals with a three-set victory in all her matches in Tokyo . I was expecting a tough one. "I didn't want to try to overpower her because I think she just has more power than me".
Delta online systems back to normal after outage
Delta employees are now working diligently to accommodate customers whose travel plans have been affected. Delta is telling those passengers the issue is with the airline's computer system but did not elaborate.
Dozens of protesters arrested outside Collins’ DC office
But she indicated that she couldn't comment on the complaint or an investigation that Yale is conducting on the matter. I understand that some students want to go to D.C.to protest or otherwise engage with the Kavanaugh hearings.