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.

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.