PodcastsJun 17, 2026
Episode 6: Las Vegas 2026-Trends, Traffic, Broken BathroomsCouture’s Michelle Orman joins Amanda Gizzi and Michelle Graff for this special post-Market Week episode of My Next Question.
MajorsSep 26, 2018
Michael Kors Buys Versace in $2B Deal
The company will change its name to Capri Holdings Ltd. after acquiring the Italian fashion house.
From left to right, Gianni Versace S.p.A CEO Jonathan Akeroyd, design director Donatella Versace and Michael Kors Holdings Ltd. Chairman and CEO John D. Idol. Michael Kors announced Tuesday it was buying the Italian fashion house in a $2 billion deal. (Photo credit: Rahi Rezvani)
London—Michael Kors Holdings Ltd. has reached an agreement to acquire Versace in a deal valued at $2.12 billion, the companies announced Tuesday.
Michael Kors is a New York-based publicly traded company that sells clothing, accessories, footwear, wearable tech, watches, jewelry, eyewear and perfume. The company just launched a line of sterling silver jewelry priced at $60 to $495 retail.
Michael Kors Holdings also owns luxury shoe brand Jimmy Choo.
Based in Milan, Gianni Versace S.p.A. is a 40-year-old Italian luxury label that designs, manufactures and distributes haute couture and prèt-à-porter clothing as well as accessories, jewelry, watches, eyewear, fragrances, and home furnishings, all bearing the distinctive Medusa logo.
The late Gianni Versace founded the company in 1978 and headed it until his death in 1997. Today it is run by his sister, Donatella Versace, his brother, Santo Versace, and Donatella’s daughter, Allegro Versace Beck.
The companies said Donatella Versace will remain on board as design director following the acquisition, as will Versace CEO Jonathan Akeroyd.
The transaction is expected to close in the company’s fiscal fourth quarter, subject to specific closing conditions.
Following completion of the Versace acquisition, Michael Kors Holdings Ltd. will become Capri Holdings Ltd., and own and operate three fashion brands: Michael Kors, Versace and Jimmy Choo. The name is a nod to the resort island of Capri, located off the coast of Italy.
The acquisition of Versace means the end of the independence of one of fashion’s last standalone brands, and is the second major acquisition in little more than a year for Michael Kors, which announced it was buying Jimmy Choo for $1.2 billion in July 2017.
Michael Kors said it intends to grow Versace’s revenues to $2 billion globally, expand its store count from 200 to 300, accelerate ominchannel, and focus on men’s and women’s accessories and footwear.
Acquiring Versace also will help the company grow its presence in Asian markets while cutting back on exposure in the Americas.
Michael Kors said in the release announcing the acquisition that purchasing Versace would “diversify our geographic portfolio from 66 percent Americas to 57 percent Americas, 23 percent Europe to 24 percent Europe and 11 percent Asia to 19 percent Asia.”
Editors' Picks
Sponsored by
More on Majors
The Latest
GradingJun 17, 2026
SSEF Issues Warning on Refilled EmeraldsThe lab is seeing emeralds with filler added post-testing enter the market, accompanied by reports that indicate little to no treatment.
WatchesJun 17, 2026
Patek Philippe’s ‘Visionary’ Leader Philippe Stern Dies at 88 The third generation of the Stern family to head Patek Philippe, he navigated the “quartz crisis” and preserved the brand’s independence.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
Policies & IssuesJun 17, 2026
Community for Ethical Jewelry Names New Executive DirectorMarianna Smirnova previously spent a decade working with the Responsible Minerals Initiative, in addition to other relevant roles.
Weekly QuizJun 17, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsJun 16, 2026
5 Things to Know About the 2026 NBA Championship TrophyThe New York Knicks took home the Larry O'Brien Trophy crafted by Tiffany & Co.
TrendsJun 16, 2026
Post-Vegas Jewelry Trend Report: Big Beads, Western Flair, White MetalsAssociate Editor Natalie Francisco lists the trends she spotted during Jewelry Market Week that will dominate the second half of 2026.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
SourcingJun 16, 2026
GemGuide Updates Ruby PricesIts app now reflects increased prices for Mozambique ruby, as well as changes to its Burma ruby charts.
MajorsJun 16, 2026
Sasha Primak Hires New Design DirectorThe manufacturer has tapped Alicia Arnold, the former director of custom design at Tiny Jewel Box.
IndependentsJun 15, 2026
DeBoulle Diamond & Jewelry to Renovate Dallas FlagshipThe revamped, elevated space will feature a two-story Patek Philippe atelier and a rooftop patio for parties.
WatchesJun 15, 2026
G-Shock, Coca-Cola Partner on Bottle-Inspired WatchThe special-edition piece marks the 140th anniversary of the iconic beverage brand.
TrendsJun 15, 2026
Amanda’s Style File: Tiny Charms Are TrendingHere are 13 small charms to inspire your layered looks this summer.
AuctionsJun 12, 2026
16th-Century ‘Hogback’ Diamond Ring Going Up for Auction in LondonFound by a metal detectorist, the ring likely belonged to a wealthy, possibly royal, owner, said Noonans.
CollectionsJun 12, 2026
Chouette Designs To Launch Collection Celebrating All Types of LoveOur Pride Month Piece of the Week, the “Margaux” ring, is part of the wife-and-wife team’s new “Lovestoned” collection.
Events & AwardsJun 12, 2026
CBG Announces Plans for Phoenix ShowThe group has named the keynote speaker and announced a new pavilion for its next event, which is slated for September.
EditorsJun 11, 2026
This Was the Best Animal Jewelry in Las Vegas From lions and hippos to snails and fish, Senior Editor Lenore Fedow wrangles her picks for cutest jewelry critters in Las Vegas.
SourcingJun 11, 2026
Grandview Klein, London Jewelers Partner To Cut 63-Carat RoughThe big stone will be fashioned into a 20.26-carat diamond in celebration of the retailer’s 100th anniversary this year.
MajorsJun 11, 2026
Former Cartier Creative Director To Head Chanel’s Jewelry Creation StudioMarie-Laure Cérède will join Chanel as the new director of its jewelry creation studio, starting in October.
Lab-GrownJun 11, 2026
Smiling Rocks’ ‘Wish Jar’ Generates 100+ Wishes in Las Vegas At the JCK show, the lab-grown diamond brand teamed up with Jewelers for Children to support Make-A-Wish India.
SourcingJun 11, 2026
Signet Jewelers Exec Joins Diamonds Do Good BoardIlana McCabe is Signet’s vice president of public relations and brand communications.
AuctionsJun 10, 2026
31.62-Carat ‘Azure Blue’ Diamond Sells For $8M+ at Christie’sIt was a banner day for blue gemstones, with another blue diamond topping $8 million and a 41-carat sapphire going for $2.3 million.
MajorsJun 10, 2026
Saks Global Receives Bankruptcy Court Approval for ReorganizationThe approval means the retailer is on track to exit bankruptcy proceedings this summer.
CrimeJun 10, 2026
2 Suspects Arrested in Texas Jewelry Store RobberyThe men are believed to be part of the group of several masked suspects that robbed Marc Robinson Jewelers in April.
CollectionsJun 10, 2026
Sylvie Debuts ‘Elevated’ Bridal Collection Inspired By Designer’s RingThe bridal-focused brand is also launching its Custom Atelier this summer, a digital custom design tool for its authorized retailers.
EditorsJun 09, 2026
Q&A: Al Cook on the Lab-Grown ‘Bubble,’ Dwindling Diamond Supply The De Beers Group CEO also discussed tariffs, Desert Diamonds, and the pending sale of De Beers in an interview with Michelle Graff.
MajorsJun 09, 2026
Wilkerson's Russ Whitehouse RetiresThe industry veteran is bringing his 56-year run in the fine jewelry sector to an end.
