Michael Kors close to buying Versace for $2.4B

MILAN — An Italian newspaper reports that the Versace group is on the ver🃏ge of announcing its sale to an American company for 2 billion eur🔯os ($2.4 billion).

Corriere della Sera reported Monday, without citing sources, that𝓀 the announcement could come as early as Tuesday. Bloomberg and Reuters news agencies the buyer would be fashion grꩵoup Michael Kors.

The Italian company, founded by the lꦬate Gianni Versace, declined to comment on the reports.

The brand, which has been run by Versace’s heirs since his murder 21 years ago, had been eyeing a public l🌟isting for several years.

Donatella Versace is the brand’s creative driver. She presented her lateಌst collection for next spring and summer last Friday during Milan Fashion W𓂃eek, and was honored on Sunday by the Italian Fashion Chamber.