Global fashion luxury group, Capri Holdings Limited, has announced that it has signed a definitive agreement to acquire Italian atelier and shoe manufacturer Alberto Gozzi in Pistoia, Tuscany. The transaction is expected to close in the company's fourth fiscal quarter. 

Alberto Gozzi was founded in 1974 and has produced high-end shoes for many of the world's top luxury brands. In the immediate future, the factory will develop and produce shoes for Jimmy Choo and Versace. The production of Michael Kors Collection shoes will be added at a later date.

Photo: Michael Kors