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In this February 23, 2000, file photo, singer Jennifer Lopez poses backstage at the 42nd Grammy Awards in Los Angeles. Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion (1.83 billion euros), continuing its hard charge into the world of high-end fashion. Versace is known for its Medusa-head logo and its flamboyant styles that are a fixture on Hollywood’s Red Carpet – like Lopez’s infamous dress worn to the Grammy Awards in 2000. (Photo by Reed Saxon/AP Photo)
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