Ever wonder why your favorite Michael Kors and Jimmy Choo bags are popping up with big discounts? Turns out, their parent company, Capri Holdings, has been losing money fast and just sold Versace to Prada at a loss. They tried to go more upscale and raise prices, but shoppers weren’t having it. Now, they’re backtracking, dropping prices, and hoping you’ll give them another shot. If you love a deal, now’s the time to shop! #Business #EntrepreneurshipStartup #MichaelKors