Blackstone Group LP owns 20 percent of Versace, which sells leopard-print sweatshirts for 2,100 euros ($2,470) and 995-euro tartan-covered sneakers.
The deal is expected to close in the fourth fiscal quarter, subject to regulatory approvals.
The deal would give Michael Kors the ability to "properly compete with Kering's power brand, Gucci", explained Allday, noting that the consolidation in the fashion creates risks of for smaller brands that stay independent "of being left behind" and unable "to afford the exposure" of a bigger company.
The reports of a sale come as Michael Kors has made it clear that it wants to transform itself into a house of luxury brands, starting a year ago with its acquisition of Jimmy Choo, made famous for its "Sex and the City" stilettos. And it comes as the Michael Kors business still hasn't been turned around, despite some progress made.
Versace, known for its bold and glamorous designs, is one of a clutch of family-owned Italian brands seen as attractive targets at a time when the luxury industry is benefiting from strong demand from China.
French fashion houses including Paris-based Kering PRTP.PA were among those holding talks with the Versace family, the sources said, but considered the price too expensive.
Neither Versace nor Kors responded to a request for comment.
Sources told the newspaper the official announcement from Milan would come Tuesday, when creative director Donatella Versace has scheduled a staff meeting, but that confirmation of the news could come within hours. The company had been working toward an initial public offering, though market conditions haven't allowed it to move ahead. The Versace family is reported to want to continue its involvement.
LVMH, PVH Corp. and Tapestry also looked at Versace in recent months, according to a report on Sunday by Women's Wear Daily.
Unlike Syria's older weapons, the S-200, the newer missiles have an electronic system to avoid hitting friendly airplanes. Russian Federation in April had hinted that it would supply the S-300 to Assad's government despite Israeli objections.
The officer claimed she entered Jean's home thinking it was her own and mistook him for a burglar, according to court documents. Although she was charged with manslaughter for Jean's death, DA Faith Johnson said the grand jury could upgrade that charge.
There, the iPhone XS Max 512GB model is changing hands at 14,800 yuan (US$2,161), or 2,001 yuan more than the official price. Cao Zhongqiang from Shanghai was told he couldn't get any devices on the first day without an existing order.
Povetkin was aggressive and tried to hurt Joshua with short right hands, but often landed on the guard of Joshua or swung at air. Povetkin looked hurt but was able to get back to his feet, but was still badly hurt.
Before that, Trump's trip to Texas after Hurricane Harvey generated blowback for his failure to meet with victims of the storm. Some areas could stay underwater for weeks, forecasters warned. "If we really want accountability, put it all out", she said.
McConnell expressed confidence that Kavanaugh would be confirmed: "I'm not concerned about tanking the nomination". In a tweet Tuesday night, Trump wrote: "The Supreme Court is one of the main reasons I got elected as President.
Soon after, Arnold's pal Patton Oswalt tweeted a photo of them together along with this caption: "I'm with @TomArnold , everyone". Arnold has been going after Burnett over his association with Trump and his hand in producing " The Apprentice " for some time.
Every single time we come off to the sidelines, everybody's excited about what just happened on the field. He underthrew Tyreek Hill by a yard or two allowing Richard Sherman to catch up and break the pass up.
Pogba, who has scored four goals in six games, may be the biggest beneficiary of the tournament in Russian Federation . Alexis Sanchez will be restored to the line-up to face Wolves after sitting on the bench in Bern on Wednesday night.
As of Friday, weather in Loudoun was mild, and county spokesman Glen Barbour said the center was activated in a "listening" mode. The rising sea crept toward the two-story home of Tom Copeland, who lives on a spit of land surrounded by water in Swansboro.
Kavanaugh says he won't 'be intimidated into withdrawing'
She said that Judge did not name others involved in the incident, and she has no knowledge that Kavanaugh participated. Trump broke his silence to cast doubt on Ford's story Friday in ways Republicans had been carefully trying to avoid.
US sanctions China for buying Russian fighter jets, missiles
The US official said Washington had spent "an enormous amount of time" seeking to discourage prospective buyers of Russian arms. All of them - defense related firms, officers of the GRU military intelligence agency, and people associated with the St.
Amazon Prepping 8 New Alexa Products
If the new devices are made and sold by Amazon, they would be in direct competition with similar devices made by Sonos and Garmin. And in its most recent earnings report, Amazon CEO Jeff Bezos hinted at his ambition for making Alexa more widely used.
Washington scrambles over Kavanaugh allegations
Joe Donnelly of Indiana, Heidi Heitkamp of North Dakota and Joe Manchin III of West Virginia, also called for slowing the process. Ford described Kavanaugh and Mark Judge , a second boy in the room, as " stumbling drunk " in her interview with the Post .