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Coach, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo and Michael Kors will now all be owned by fashion conglomerate Tapestry. A US judge blocked the pending .5 billion merger of handbag and accessories maker Tapestry and Capri on Thursday, a victory for the Federal Trade Commission in an . Coach, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo and Michael Kors will now all be owned by fashion conglomerate Tapestry. A US judge blocked the pending .5 billion merger of handbag and accessories maker Tapestry and Capri on Thursday, a victory for the Federal Trade Commission in an industry where merger .
Aug. 10, 2023. Tapestry, the fashion company that owns Coach and Kate Spade, said on Thursday that it had acquired Capri Holdings, the parent of Versace and Michael Kors, for about .5 billion. Last month, Gucci-owner Kering said it was buying a 30% stake in Italian fashion label Valentino. LVMH closed its .8 billion acquisition of Tiffany in early 2021.
The Federal Trade Commission is asking a federal judge in New York to block the .5 billion merger of Tapestry, the company behind Coach, Kate Spade, and Capri, which controls Michael Kors. In the same year, Capri, formerly known as Michael Kors, acquired British shoemaker Jimmy Choo for .2 billion. A year later, Capri bought Versace for .2 billion.
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Tapestry Inc., the owner of brands including Coach and Kate Spade, agreed to acquire Michael Kors parent Capri Holdings Ltd. in an .5 billion deal that shows the wave of consolidation in the. A U.S. District judge has halted the merger between the makers of Coach and Michael Kors handbags, saying it would reduce competition and hurt consumers. Tapestry, Inc. the holding company created after Coach bought Stuart Weitzman and Kate Spade New York in 2015 and 2017, respectively, said Wednesday it will buy Capri—owner of Versace, Jimmy Choo, and Michael Kors—to create a single conglomerate that combined generates US billion in annual sales.
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Coach, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo and Michael Kors will now all be owned by fashion conglomerate Tapestry. A US judge blocked the pending .5 billion merger of handbag and accessories maker Tapestry and Capri on Thursday, a victory for the Federal Trade Commission in an industry where merger .Aug. 10, 2023. Tapestry, the fashion company that owns Coach and Kate Spade, said on Thursday that it had acquired Capri Holdings, the parent of Versace and Michael Kors, for about .5 billion. Last month, Gucci-owner Kering said it was buying a 30% stake in Italian fashion label Valentino. LVMH closed its .8 billion acquisition of Tiffany in early 2021.
The Federal Trade Commission is asking a federal judge in New York to block the .5 billion merger of Tapestry, the company behind Coach, Kate Spade, and Capri, which controls Michael Kors. In the same year, Capri, formerly known as Michael Kors, acquired British shoemaker Jimmy Choo for .2 billion. A year later, Capri bought Versace for .2 billion. Tapestry Inc., the owner of brands including Coach and Kate Spade, agreed to acquire Michael Kors parent Capri Holdings Ltd. in an .5 billion deal that shows the wave of consolidation in the.
A U.S. District judge has halted the merger between the makers of Coach and Michael Kors handbags, saying it would reduce competition and hurt consumers. Tapestry, Inc. the holding company created after Coach bought Stuart Weitzman and Kate Spade New York in 2015 and 2017, respectively, said Wednesday it will buy Capri—owner of Versace, Jimmy Choo, and Michael Kors—to create a single conglomerate that combined generates US billion in annual sales.
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