BEVERLY HILLS, Calif. (AP) — A report says Beverly Hills has nixed a plan to allow buses to load and unload tourists within its ritzy business district.
NEW YORK (AP) — Having added a pair of high-end brands to its stable, Michael Kors is changing its name to Capri.
The company announced the acquisition of the Italian fashion house Versace for more than $2 billion (1.83 billion euros) in September, less than two years after acquiring Jimmy Choo, the shoemaker that rocketed to fame on the high heels of "Sex and the City."
NEW YORK (AP) — Michael Kors is buying the Italian fashion house Versace in a deal worth more than $2 billion (1.83 billion euros), continuing its hard charge into the world of high-end fashion.
The deal Tuesday comes just 14 months after the New York handbag maker spent $1.35 billion adding to its portfolio Jimmy Choo, the shoemaker that rocketed to fame on the high heels of "Sex and the City."
MILAN (AP) — An Italian newspaper reports that the Versace group is on the verge of announcing its sale to an American company for 2 billion euros ($2.4 billion).
Corriere della Sera reported Monday, without citing sources, that the announcement could come as early as Tuesday. Bloomberg and Reuters news agencies later reported the buyer would be fashion group Michael Kors, which has been trying to burnish its image and last year bought high-end shoemaker Jimmy Choo for $1.35 billion.
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:
Michael Kors Holdings Ltd., up 2 cents to $34.93
The handbag and accessories retailer said it will buy shoe maker Jimmy Choo for $1.35 billion.
McDonald's Corp., $7.22 to $159.07
The chain had a stronger-than-expected second quarter as $1 sodas and premium burgers helped its U.S. sales.
LONDON (AP) — In a bid to burnish its brand image, American bag and accessories maker Michael Kors is buying luxury shoemaker Jimmy Choo in a deal worth $1.35 billion (896 million pounds).
Jimmy Choo, which counts Jennifer Lopez, Duchess of Cambridge Kate Middleton and Beyonce among its fans, has a high-level profile that tempted Michael Kors to pay a premium.
RUNNEMEDE, N.J. (AP) — Who hasn't put on a piece of clothing or used an item and thought, "Too bad it wasn't made this way" or "I could have done it better."
Of course, for most of us, that's as far as it goes.
Shane Pisko of Runnemede took it a step further. Pisko's a web developer, not a clothing or shoe designer — but he's always been the kind of guy who will try to do his own thing.
LONDON (AP) — Shares in Jimmy Choo have leapt 11 percent after its board put the luxury shoe brand up for sale.
The gains bring the market value of the firm that began in east London to over 700 million pounds ($896 million).
The firm, which counts Jennifer Lopez, the Duchess of Cambridge and Beyonce among its fans, is being sold to "maximize value for its shareholders."
FRANKFURT, Germany (AP) — Its brands are some of the best known in the U.S.: names like Coty, Jimmy Choo, Krispy Kreme, Keurig Green Mountain, and now Panera Bread.
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