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Versace has announced plans to open more than 100 stores by 2022 during a recent day of investors. The luxury brand purchased was Michael Kors in September 2018 under a $ 2.12 billion contract. Michael Kors changed his name to Capril Holdings. At the time of the acquisition, Michael Kors announced his intention to double Versace's revenues to $ 2 billion a year. In 2017, Versace achieved a turnover of 686 million euros, or about 772 million dollars at the exchange rate of today.
https: //www.businessinsider.com/versa …
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