Fashion designer Donatella Versace (right) – pictured with supermodel Irina Shayk – will stay on as creative director of Versace after the American fashion company Michael Kors agreed to by the Italian brand for US$2.2 billion. Photo: AFP

How iconic Italian luxury brand Versace became Michael Kors’ US$2.12 billion prize

Move, which aims to expand brand’s reach and revenues, comes 21 years after murder of founder Gianni Versace – arguably then at the peak of his powers

Topic |   Fashion

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Fashion designer Donatella Versace (right) – pictured with supermodel Irina Shayk – will stay on as creative director of Versace after the American fashion company Michael Kors agreed to by the Italian brand for US$2.2 billion. Photo: AFP
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