Italian fashion house Versace will be sold to US luxury
group Michael Kors, according to Italian media reports on Monday.
The Corriere della Sera newspaper said Michael Kors offered 2 billion
dollars to take over the firm, currently owned by the Versace family.
The ANSA news agency later reported that the deal was "done" and that
the parties "are signing the documents of the agreement," due to be
made public later Monday or Tuesday.
Versace's press office was not immediately available for comment.