Acquiring Company
Capri Holdings Limited
Acquired Company
Tapestry
New YorkNew YorkSoftwareMobileE CommerceFashionRetailLifestyleFashionPublishingNewsDescription
The Federal Trade Commission has filed a lawsuit to block the $8.5 billion merger of luxury fashion conglomerates Tapestry and Capri Holdings, citing concerns about potential higher prices for U.S. consumers. The deal would combine Tapestry labels such as Coach, Kate Spade, and Stuart Weitzman with Capri’s Versace, Jimmy Choo, and Michael Kors, aiming to compete with European rivals LVMH and Kering.
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Frequently asked
Who acquired Tapestry?
Tapestry was acquired by Capri Holdings Limited, based in New York. The deal was reported on April 22, 2024. Capri Holdings is a global fashion luxury group consisting of iconic, founder-led brands Versace, Jimmy Choo and Michael Kors. Capri Holdings Limited is publicly traded (CPRI) and operates in Software.
When did Capri Holdings Limited acquire Tapestry?
Capri Holdings Limited's acquisition of Tapestry was reported on April 22, 2024. The Federal Trade Commission has filed a lawsuit to block the $8.5 billion merger of luxury fashion conglomerates Tapestry and Capri Holdings, citing concerns about potential higher prices for U.S. consumers. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Tapestry do?
Our global house of brands unites the magic of Coach, Kate Spade New York and Stuart Weitzman. It is publicly traded (TPR), operating in Fashion, and is based in New York.
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