fromfortune.com
1 week agoBehind glam luxury brands Michael Kors and Jimmy Choo lurks a troubled holding company losing millions
The purchase created a multi-brand luxury powerhouse made up of Michael Kors jet-set lifestyle apparel and designer bags, the iconic Jimmy Choo footwear brand, plus the red-carpet glamour of Versace. Donatella Versace herself, who stepped up to lead after her brother Gianni's tragic death in 1997, was in place as the creative visionary and said she was excited about the long-term prospects for the brand her brother founded in Milan in 1978.
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