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The Italian fashion icon had been considering a market listing after USA private equity group Blackstone bought a 20 percent stake back in 2014 to fund overseas expansion.

London-based Kors past year snapped up shoemaker Jimmy Choo Plc for about 896 million pounds ($1.2 billion), expanding beyond its namesake brand. While talks are advanced, no final agreements have been reached, the people said.

Michael Kors is reportedly set to acquire Versace for roughly $2 billion, according to Reuters and sources close to the situation.

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This low, called Invest 98 for now, has been fighting a lot of wind shear, so development chances only sit at 30 percent. They have maximum sustained winds of 25 mph and are about 350 miles east-northeast of the Windward Islands.

The reports of a sale come as Michael Kors has made it clear that it wants to transform itself into a house of luxury brands, starting past year with its acquisition of Jimmy Choo, made famous for its "Sex and the City" stilettos. "I believe he is going to create some sort of brand diffusion with the essence of Versace's DNA".

Budding luxury conglomerates, including Michael Kors' U.S. rival Tapestry, owner of Coach and Kate Spade, are trying to make in-roads into an industry still dominated by European players such as Louis Vuitton owner LVMH. "Would Michael Kors have what it takes to succeed in this?"

Versace, known for its flamboyant style and Medusa-head logo, hired chief executive officer Jonathan Akeroyd in 2016 from Alexander McQueen. Both companies have declined to comment on the matter for now, however.

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Police said she had suffered "several stab wounds to the upper torso, head and neck", according to the Des Moines Register . The university's women's golf team withdrew from a competition in MI to return home to grieve her death.

The Italian company, founded by the late Gianni Versace, declined to comment on the reports. Donatella Versace holds 20 percent, her brother Santo 30 percent and Donatella's daughter Allegra 50 percent.

The Italian newspaper Corriere della Sera first reported the impending sale earlier on Monday.

Versace does not disclose its financial details, but documents deposited with the Italian chamber of commerce show that previous year it posted sales of 668 million euros (US$786 million) and earnings before interest, tax, depreciation and appreciation (EBITDA) of 44.6 million euros. However, Versace has struggled to grow sales, despite a luxury-fashion boom led by Chinese consumers.

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His dad, Brad Whiteis, told him about Hurricane Florence and explained to Carter the possibility of flooding in the coming days. The National Hurricane Center said it was monitoring four areas in the Atlantic for signs of a new tropical weather threat.

Versace had revenue of 686 million euros and returned to profit in 2017, according to figures provided by the company.


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