Michael Kors ($KORS) is reportedly nearing a deal to buy Versace in a deal that would value the storied Italian fashion house at around $2 billion.
Blackstone would sell its 20 percent stake as part of the deal, according to the Wall Street Journal. It is unclear what role the Versace family, led by Donatella, would play in an acquisition. The family has tightly controlled the brand since designer Gianni Versace's murder in 1997.
Unlike Versace with its famous Medusa logo and luxurious stores, Michael Kors has staked out a position in the "mid" high-end market, though it did buy shoe designer Jimmy Choo last year for $1.2 billion.
C'mon Federal Reserve, help an economy out.
Former Navy SEAL Clint Emerson offers tips for businesses seeking to protect themselves from high-tech threats.
Workers are now navigating weekly changes from the app companies, including changes to pay calculations and reduced work flexibility.
In case you needed yet another incentive to cram all your travel items into a carry-on, Delta Airlines has just boosted the cost of your first checked bag by 17 percent.
Lawmakers in at least seven states are taking big legislative swings to regulate bias in artificial intelligence.
Spot Bitcoin ETF glee and pre-halving hype combined to top the cryptocurrency's previous record from November 2021.
Spring has sprung! Time to tackle more than your garden.
Time for Kylie to get that cat?
The U.S. Supreme Court unanimously decided Monday to restore former president Donald Trump to 2024 presidential primary ballots. The court Monday rejected state attempts to hold the Republican former president accountable for the Capitol riot.
With warmer days and holidays ahead, it’s time to start planning.
