LONDON  – U.S. fashion group Michael Kors Holdings Ltd (KORS.N) has agreed to take control of Italy’s Versace, three sources familiar with the matter said on Monday, adding that an official announcement would be made this week. Michael Kors has made no secret of its ambition to grow its portfolio of high-end brands after swooping […]

Tesla Inc (TSLA.O) and its Chief Executive Elon Musk are under criminal investigation by the U.S. Department of Justice over public statements about taking the electric carmaker private, Bloomberg reported on Tuesday. Tesla did not immediately respond to a request for comment, while DoJ declined to comment. Federal prosecutors opened a fraud investigation, the report […]