Coach fashion house Tapestry buys Michael Kors parent Capri Holdings for $8.5B
By A Mystery Man Writer
Description
Tapestry Inc., the owner of U.S. lifestyle fashion brand Coach, announced a $8.5 billion takeover of luxury fashion house Capri Holdings, which counts Versace, Jimmy Choo and Michael Kors among its stable.
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Coach owner Tapestry to acquire Capri Holdings in $8.5 billion deal
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![Coach fashion house Tapestry buys Michael Kors parent Capri Holdings for $8.5B](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/08/931/523/GettyImages-917905746.jpg?ve=1&tl=1)
Coach owner Tapestry to buy Versace, Michael Kors parent Capri in deal worth $8.5B
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Tapestry acquires Capri Holdings in a $8.5B merger that will rival LVMH, increase presence in China
![Coach fashion house Tapestry buys Michael Kors parent Capri Holdings for $8.5B](https://cdn.sanity.io/images/f8lauh0h/production/b30a40481f34137b3a4f9c1be8604ad928db8529-1200x675.jpg)
Tapestry acquires Capri Holdings in a $8.5B merger that will rival LVMH, increase presence in China
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