STYLE

All you need to know about Michael Kors’ $2.1 bil acquisition of Versace

That’s about RM8.7 billion – 2.5 times the brand’s current revenue and 22 times its EBITDA (earnings before interest, taxes, depreciation and amortisation). It’s official. Michael Kors has announced that it is buying Italian fashion house Versace for a sum of $2.12 billion (RM8.7 billion), including debts, in its latest and largest bid to become…

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