AdvertisementMichael Kors Buys Italy's Versace Fashion House For $2.12 BillionSeptember 25, 2018Bill ChappellfacebookEmailMichael Kors is buying Italian fashion brand Versace for $2.12 billion. Here, Donatella Versace, artistic director of the company her brother founded, is flanked by Versace CEO Jonathan Akeroyd and Michael Kors Chairman and CEO John D. Idol. (Rahi Rezvani)