Luxury Goods

Tapestry acquires Versace owner for $8.5bn

The combined company generated global annual sales in excess of $12bn (£9.4bn) with a presence in over 75 countries

The owner of Coach, Kate Spade and Stuart Weitzman, Tapestry Inc, has announced its acquisition of Capri Holdings, a global luxury fashion group that consists of Versace, Jimmy Choo and Michael Kors for approximately $8.5bn (£6.6bn). 

Check out our free weekly podcast

Back to top button