Michael kors a Us fashion company have acquired popular fashion brand Versace

Versace was founded by siblings Donatella and Gianni Versace[Gianni died in 1997] and currently have Donatella as creative director

When quipped about the deal she called it exciting

Versace have always had top celebrities as customers with the likes of Michael Jackson,Princess Diana,Elton John and currently :Nicki Minaj , the Kardarsians ,Jenners and the Beckham


Meanwhile Michael Kors brand already have Taylor Swift,Angelina Jolie and Michelle Obama as fans

Mr Idol, Michael Kors chief directorwhen comfirming the $2.1bn takeover said they were hoping to increase Versace outlet from 200 to 300 and also double turnover to $2bn

Last year Micheal Kors bought a shoewear fashion brand JIMMY CHOO for £900m


it is reported some italians are unhappy about the news