News-Michael Kors buys Versace; FashioNXT This Weekend

he source we have said mostly it was an “Oh, Wow. Ok.” that was heard among the workers, as the Michael Kors’ office buzzed along. But what actually happened in the big time world of investments and stock options, was that haute couture accessory player Michael Kors bought Versace, for $2.1 billion. Also, Michael Kors announced they were changing their name to Capri Holdings.