Capri Holdings Extends Partnership With EuroItalia

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.