Bloomberg Did Michael Kors Holdings overpay for Versace? The market said yes, but some analysts see something different. The stock got two upgrades in the past two days, with analysts at UBS Group AG and Piper Jaffray both citing the potential for Versace to drive gains after the stock was punished for the $2.2 billion acquisition in late September. Michael ...

Bloomberg South African Airways is working to find ways to roll over 9.2 billion rand ($642 million) of debt by March as the loss-making state-owned carrier works to make more routes profitable, Chief Executive Officer Vuyani Jarana said. While gross profit margins were negative on most routes when he started a year ago, domestic and regional routes are now making ...

Bloomberg The hedge funds that now own the Toys ‘R’ Us brand plan to relaunch the toy retailer as a standalone operation next year, according to people familiar with the matter. Solus Alternative Asset Management and Angelo Gordon will look to raise capital to help revive the chain, which closed its last stores at the end of June, and are ...