Handbag maker Michael Kors Holdings Ltd. might buy Gianni Versace SpA .
A Bloomberg report said that Michael Kors might announce a deal to purchase Italian luxury fashion company Versace, valuing the latter at about $2 billion - according to people familiar with the matter who did not want to be named. Versace reportedly wants to put itself up for sale, and companies that have shown interest in recent months include Kors, Tiffany & Co., LVMH, PVH Corp. and Tapestry, according to a report on Sunday by Women’s Wear Daily.
No official statement has been given out by either Michael Kors or Versace regarding the acquisition deal, and even people familiar with the matter said that no final agreement has been reached yet.