Completes Acquisition of Versace
- Expand global group to include three iconic founder-led brands defined by fashion luxury products with a reputation for world-class design and innovation
- Opportunity to help grow the group’s revenues to US$8.0 billion in the long-term
- Grow Versace to US$2.0 billion in revenues
- Grow Jimmy Choo to US$1.0 billion in revenues
- Grow Michael Kors to US$5.0 billion in revenues
- Diversify geographic revenues, increasing exposure to growing Asia region:
- 66% Americas to 57% Americas
- 23% Europe to 24% Europe
- 11% Asia to 19% Asia
- Potential to create long-term operational synergies
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