Capri Holdings to be Acquired by Tapestry, Coach Owner, in an $8.5 Billion Deal
Tapestry, the fashion conglomerate known for Coach and Kate Spade, has announced a $8.5 billion deal to acquire rival company Capri Holdings. This strategic move will create an American fashion giant that is better positioned to compete in the luxury market. The combined entity will consist of six iconic brands: Tapestry’s Coach, Kate Spade, and …