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Michael Kors to buyout rival for Sh. 200 billion

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Michael Kors is going high end. The handbag maker is acquiring the Gianni Versace fashion house for $2.1 billion, including debt, providing Kors a launching pad into the exclusive European luxury market. Shares of Michael Kors were down slightly near midday Tuesday, after closing down more than 8 percent Monday when news of the deal […]

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