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US luxury goods group Tapestry has agreed to buy Versace and Michael Kors-owner Capri Holdings for .5bn, in one of the biggest attempts to create a US rival to the . In the latest mega-fashion industry acquisition, Tapestry, the parent company of luxury accessory brand Coach, announced its merger with . Tapestry, the fashion company that owns Coach and Kate Spade, said on Thursday that it had acquired Capri Holdings, the parent of Versace and Michael Kors, for . US luxury goods group Tapestry has agreed to buy Versace and Michael Kors-owner Capri Holdings for .5bn, in one of the biggest attempts to create a US rival to the European powerhouses LVMH.
In the latest mega-fashion industry acquisition, Tapestry, the parent company of luxury accessory brand Coach, announced its merger with luxury fashion company and . Tapestry, the fashion company that owns Coach and Kate Spade, said on Thursday that it had acquired Capri Holdings, the parent of Versace and Michael Kors, for about .5 billion in cash, as.
Coach parent Tapestry's .5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The company that owns Versace is being bought by the luxury goods group Tapestry in a deal worth .5bn (£6.7bn). Capri Holdings, which also owns Michael Kors and Jimmy Choo, is being taken.
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Shares of Versace and Michael Kors owner Capri Holdings skyrocketed about 57% in early trading on Thursday after fashion conglomerate and Coach owner Tapestry agreed to buy it for .5 billion.
Stock in Versace’s owner, Capri Holdings, surged more than 50% Thursday after it agreed to be acquired for .5 billion by Tapestry, parent of the Coach brand. A merger between the two companies would help Tapestry compete better with Paris-listed LVMH in the European luxury market, even as demand for expensive handbags and accessories remains choppy in the United States. Coach parent Tapestry’s .5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring top luxury labels such as Tapestry’s Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and Versace under one roof, still awaits .
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US luxury goods group Tapestry has agreed to buy Versace and Michael Kors-owner Capri Holdings for .5bn, in one of the biggest attempts to create a US rival to the European powerhouses LVMH. In the latest mega-fashion industry acquisition, Tapestry, the parent company of luxury accessory brand Coach, announced its merger with luxury fashion company and . Tapestry, the fashion company that owns Coach and Kate Spade, said on Thursday that it had acquired Capri Holdings, the parent of Versace and Michael Kors, for about .5 billion in cash, as.
Coach parent Tapestry's .5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The company that owns Versace is being bought by the luxury goods group Tapestry in a deal worth .5bn (£6.7bn). Capri Holdings, which also owns Michael Kors and Jimmy Choo, is being taken. Shares of Versace and Michael Kors owner Capri Holdings skyrocketed about 57% in early trading on Thursday after fashion conglomerate and Coach owner Tapestry agreed to buy it for .5 billion.
Stock in Versace’s owner, Capri Holdings, surged more than 50% Thursday after it agreed to be acquired for .5 billion by Tapestry, parent of the Coach brand.
A merger between the two companies would help Tapestry compete better with Paris-listed LVMH in the European luxury market, even as demand for expensive handbags and accessories remains choppy in the United States. Coach parent Tapestry’s .5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring top luxury labels such as Tapestry’s Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and Versace under one roof, still awaits .
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