Unbuttoned: The Continental Shock of the Kors-Versace Deal
PARIS — It’s official: America has its first global luxury group. Michael Kors’s purchase of the Italian brand Versace for $2.1 billion vaults the company — to be renamed Capri Holdings, after the Italian island — into the ranks of fashion conglomerates, a rarefied world defined by Kering and LVMH Möet Hennessy Louis Vuitton. Everyone…