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Michael Kors Is Close to Buying Versace for $2 Billion

Handbag maker Michael Kors Holding Ltd. is nearing an agreement to buy Gianni Versace SpA after the Italian fashion house known for its baroque designs drew interest from several suitors, people familiar with the plans said. Michael Kors may announce a deal as early as this week that values Versace at about $2 billion, said the people, who asked…

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