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Capri is the parent company of Kors' eponymous brand, as well as Versace and Jimmy Choo. Tapestry , owner of Coach New York and Kate Spade , offered to buy Capri for $8.5 billion in 2023, [ 7 ] [ 8 ] but called off the acquisition after it was blocked by a federal judge the following year.
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 ...
Image source: Getty Images. Tapestry. The government's blocking of the deal with Capri could be the best thing for Tapestry. The company will have to pay Capri up to $50 million if the deal is ...
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 ...
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group known for its brands Versace, Jimmy Choo, and Michael Kors, released its third-quarter earnings on February 5, 2025. The company ...
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John Idol, chairman and chief executive officer of Carpi Holding, said the strength of the company’s brands — Michael Kors, Jimmy Choo and Versace — was overcoming COVID-19 and supply chain ...
She will be responsible for leading the global human resources organization across all three luxury houses — Michael Kors, Jimmy Choo and Versace.