Donatella Versace will help steer the brand's creative direction Michael Kors Holdings Limited has changed its corporate name to Capri Holdings to reflect its new status as a multi-brand fashion group following the completion of its acquisition of Versace. The company said the new name will reflect the "strong foundation" of its three brands, Michael Kors, Jimmy Choo and Versace. Beginning on 2 January, the company's New York Stock Exchange ticker symbol became CPRI. The name change follows this months completion of the Versace take-over for €1.83billion ($2.12bn), and will start a new chapter for the group with the aim of growing revenues to $8bn in the long term. "With the acquisition of Versace, we have now created one of the leading global fashion luxury groups in the world," commented John Idol, chairman and CEO. "The new name for our group, Capri Holdings, is inspired by the fabled island which has long been recognized as an iconic, glamorous and luxury destination.