- Capri Holdings Ltd's CPRI Versace has extended its license agreement with EuroItalia for another 15 years. The financial terms of the deal were not disclosed.
- Also, Michael Kors and EuroItalia will enter into a 15-year agreement to make EuroItalia the exclusive worldwide men's and women's fragrance licensee for the Michael Kors brand.
- Versace's partnership with the Italy-based fragrance and cosmetics company EuroItalia began in 2005.
- Price Action: CPRI shares are trading lower by 4.28% at $49.02 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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