U.S. fashion group Michael Kors Holdings Ltd (KORS.N) has sealed an agreement to take control of Italy’s Versace, three sources familiar with the matter said on Monday, adding that an official announcement would be made this week.
Versace declined to comment.
The deal values the fashion house, known for its Medusa head logo, at no less than $2 billion, two of the sources added.
As part of the deal, Blackstone, which took a 20 percent stake in Versace back in 2014, will fully exit the Ita
