Tapestry, Inc. Announces Definitive Agreement To Acquire Capri Holdings Limited, Establishing A Powerful Global House Of Iconic Luxury And Fashion Brands
Acquiring Company
Tapestry
Acquired Company
Capri Holdings Limited
New York
United KingdomFashionPublishingNewsSoftwareMobileE CommerceFashionRetailLifestyleDescription
Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, and Capri Holdings Limited (NYSE: CPRI), a global fashion luxury group consisting of Versace, Jimmy Choo, and Michael Kors, today announced that they have entered into a definitive agreement under which Tapestry will acquire Capri Holdings. Under the terms of the transaction Capri Holdings shareholders will receive $57.00 per share in cash for a total enterprise value of approximately $8.5 billion.
Quick answer
Tapestry is acquiring Capri Holdings Limited, announced August 10, 2023. Tapestry is based in New York, New York, United States.
- How much did Tapestry pay for Capri Holdings Limited?
- The deal value was not disclosed.
- What does Tapestry do?
- Our global house of brands unites the magic of Coach, Kate Spade New York and Stuart Weitzman.
- Where are Tapestry and Capri Holdings Limited based?
- Tapestry is based in New York, New York, United States. Capri Holdings Limited is based in United Kingdom.
- Who are the decision-makers at Tapestry?
- Fundz holds 1 contact at Tapestry. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Tapestry, and when
When Tapestry changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Tapestry raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Tapestry, from your own LinkedIn network
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Frequently asked
Who acquired Capri Holdings Limited?
Capri Holdings Limited was acquired by Tapestry, based in New York. The deal was reported on August 10, 2023. Our global house of brands unites the magic of Coach, Kate Spade New York and Stuart Weitzman. Tapestry is publicly traded (TPR) and operates in Fashion.
When did Tapestry acquire Capri Holdings Limited?
Tapestry's acquisition of Capri Holdings Limited was reported on August 10, 2023. Tapestry, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Capri Holdings Limited do?
Capri Holdings is a global fashion luxury group consisting of iconic, founder-led brands Versace, Jimmy Choo and Michael Kors. Our commitment to glamorous style and craftsmanship is at the heart of each of our luxury brands. It is publicly traded (CPRI), operating in Software, and is based in United Kingdom.
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