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Capri Holdings Limited (formerly Michael Kors Holdings Limited) is a multinational fashion holding company, incorporated in the British Virgin Islands, [3] with executive offices in London [3] and operational offices in New York. It was founded in 1981 by American designer Michael Kors. [4]
Tapestry announced it would acquire Capri Holdings in August 2023 for $8.5 billion. [10] Capri owns the brands Versace, Michael Kors, and Jimmy Choo. [11] The U.S. Federal Trade Commission sued to block the acquisition in April 2024 citing reduced competition between their brands, like Coach and Michael Kors, in the affordable luxury handbag ...
Tapestry and Capri each had their reasons for wanting to join forces. For Tapestry, which gets 76% of its revenue from Coach, a mature brand, the goal of the merger was to find new sources of growth.
Meanwhile, Tapestry, which owns Coach, Kate Spade, and Stuart Weitzman, has been performing much better than Capri. While its sales fell 2% last quarter, they were flattish on a constant-currency ...
Tapestry, Inc. (NYSE:TPR) shares are trading higher premarket on Thursday after the company disclosed that it has reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate their ...
Image source: Getty Images. Capri comes up short. The parent company of Michael Kors, Jimmy Choo, and Versace said that revenue in the quarter fell 16.4% to $1.08 billion, which missed estimates ...
With Tapestry's $8.5 billion merger with luxury retail peer Capri called off, CIO Yang Lu can dedicate her focus on innovative technologies, like artificial intelligence.
MGM Holdings (20%, with Sony Corporation of America, Providence Equity Partners, TPG Capital, DLJ Merchant Banking Partners and Quadrangle Group), split in 2010 due to the emergence from bankruptcy, now owned by Amazon. Comcast SportsNet Houston; QVC: Comcast sold its majority stake to Liberty Media in 2003