Renowned luxury fashion house to acquire struggling rival

Europe has historically dominated the plush fashion industry for a long time, thanks to the creation of among the most area's most accepted excessive-terminate brands, such as Chanel, Dior, Gucci, and Louis Vuitton.

All of it modified in 1981 when American fashion designer Michael Kors founded the fashion home Capri Holdings. The company sooner or later obtained other esteemed brands, such as Versace and Jimmy Choo, which put the U.S. at the forefront of the plush fashion world for a lot of years.