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Shares of Kors fell more than 7 percent on Monday after news of the sale talks, which were reported earlier by Corriere della Sera, the Italian newspaper.
Michael Kors acquires Versace
Documents filed with the Italian Chamber of Commerce in 2017 show that the fashion house collected sales of €668 million, or about $786.5 million, and reported €44.6 million, or $52.5 million in earnings before interest, tax, depreciation and appreciation.