Utilize the input text as a context reference, choose the right relationship between Michael Kors and Versace from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

The second most strongest business was watches online, and that's obviously more of a Michael Kors issue for us and less Versace and Jimmy Choo.

Answer: owner_of