NEW YORK -- 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."
Gianni Versace founded Versace in 1978. The family-run business was thrown into chaos with Versace's murder 21 years ago. His sister, Donatella Versace, will continue with the company, holding the position of creative director.
Michael Kors, who founded the company under his name, also remains as creative director of that wing of the company.