Announced
Financials
Tags
luxury brand
apparel
Luxury Items
United States
Acquisition
Domestic
Majority
Public
Friendly
Single Bidder
fashion and lifestyle
Pending
Synopsis
Tapestry, an American multinational luxury fashion holding company, agreed to acquire Capri, a global fashion luxury group consisting of Versace, Jimmy Choo, and Michael Kors, for $8.5bn. “We are excited to announce the acquisition of Capri Holdings – uniting six iconic brands and exceptional global teams. Tapestry is an organization with a passion for building enduring brands through superior design and craftsmanship and an unwavering focus on our customers. Importantly, we’ve created a dynamic, data-driven consumer engagement platform that has fueled our success, fostering innovation, agility, and strong financial results,” Joanne Crevoiserat, Tapestry CEO.
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