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).
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