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Michael Kors close to buying Versace for $2B

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Handbag maker Michael Kors Holding Ltd. is close to finalizing a purchase agreement for Gianni Versace SpA, people familiar with the matter told Bloomberg.

The deal valuing Versace at $2 billion may be announced as early as this week.

Officials with Versace and Michael Kors either couldn't be reached or declined to speak with Bloomberg.

Read more from Bloomberg.

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