Will Michael Kors cheapen Versace? | The Tylt

Will Michael Kors cheapen Versace?

Michael Kors may buy Versace. The fashion designer is reportedly in talks of closing the deal for about $2 billion. Kors is no stranger to purchasing companies, last year he acquired luxury brand Jimmy Choo for about $1.2 billion. But folks are concerned about the future of Versace. Kors' line is comprised of affordable and costly pieces that can be spotted at discount outlets and department stores, so some feel he may cheapen the Versace brand. Will Kors tarnish Versace? 

FINAL RESULTS
Entertainment
Will Michael Kors cheapen Versace?
A festive crown for the winner
#LeaveVersaceAlone
#KorsForVersace
Dataviz
Real-time Voting
Will Michael Kors cheapen Versace?
#LeaveVersaceAlone
#KorsForVersace
#LeaveVersaceAlone

The Michael Kors brand can be spotted at various discount stores. Fans of Versace are concerned Kors will do the same to the same to the brand. Versace is revered as high fashion, and customers do not want to see it on the $10.99 rack.  

#LeaveVersaceAlone
#KorsForVersace

But Kors is a savy businessman, and sales for Jimmy Choo increased after it was acquired by him. The Michael Kors brand offers various price points, which serves a larger clientele. And the fact that his company Michael Kors Holdings Ltd can afford to purchase these brands means maybe he is doing something right. 

#KorsForVersace
FINAL RESULTS
Entertainment
Will Michael Kors cheapen Versace?
A festive crown for the winner
#LeaveVersaceAlone
#KorsForVersace