Michael Kors Holdings Limited has announced it is to be renamed Capri Holdings Limited  with acquisition of Versace. Versace, long recognized as one of the world’s leading luxury fashion companies, is synonymous with Italian glamour and style. Capri Holdings Limited is the new name to be adopted by Michael Kors Holdings Limited upon the closing of the acquisition. The company believes that the acquisition of Versace enhances the company’s economic value and will drive improved long-term shareholder value by accelerating long-term revenue and EPS growth potential.

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