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The Michael Kors and Versace brands may soon have a new owner. Tapestry, the owner of the Coach, Kate Spade and Stuart Weitzman brands, is in talks to take over Capri Holdings, the owner of the.
NEW YORK, United States — Will America ever build its own LVMH? It's a question that has been debated for years, as hopefuls have tried . The Michael Kors and Versace brands may soon have a new owner. Tapestry, the owner of the Coach, Kate Spade and Stuart Weitzman brands, is in talks to take over Capri Holdings, the owner of the.
NEW YORK, United States — Will America ever build its own LVMH? It's a question that has been debated for years, as hopefuls have tried time and again to gather together a group of brands with the potential to one day rival the world's largest luxury group.
The company that owns Versace is being bought by the luxury goods group Tapestry in a deal worth .5bn (£6.7bn). Capri Holdings, which also owns Michael Kors and Jimmy Choo, is being taken. The takeover by the American multinational luxury fashion holding company Tapestry could rival European conglomerates like LVMH and Kering. In the Americas, the company will become the second largest luxury player behind LVMH, with a combined share of 6% of the luxury goods market, GlobalData said. The latest megadeal aims to give . Capri Holdings, owner of Michael Kors, Versace and Jimmy Choo, clearly wants to be seen as the “American LVMH,” the country's first true player in the global luxury market. Achieving that goal is contingent on two things: reviving both Kors’ sales and its image, and doubling Versace’s revenue.
Tapestry, the company that owns Coach, Kate Spade and Stuart Weitzman, is acquiring major luxury group Capri Holdings, the parent company of Versace, Jimmy Choo and Michael Kors. In the Americas, the company will become the second largest luxury player behind LVMH, with a combined share of 6% of the luxury goods market, GlobalData said.
In the Americas, the company will become the second largest luxury player behind LVMH, with a combined share of 6% of the luxury goods market, GlobalData said.
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(Versace, once a hot prospect, was acquired by Capri in 2018 for more than billion, a price Kering believed to be too high.) LVMH, too, is focused on making big acquisitions, like the Tiffany deal, which was decades in the making and is expected to take place even with pandemic-related setbacks. The Michael Kors and Versace brands may soon have a new owner. Tapestry, the owner of the Coach, Kate Spade and Stuart Weitzman brands, is in talks to take over Capri Holdings, the owner of the. NEW YORK, United States — Will America ever build its own LVMH? It's a question that has been debated for years, as hopefuls have tried time and again to gather together a group of brands with the potential to one day rival the world's largest luxury group.
The company that owns Versace is being bought by the luxury goods group Tapestry in a deal worth .5bn (£6.7bn). Capri Holdings, which also owns Michael Kors and Jimmy Choo, is being taken. The takeover by the American multinational luxury fashion holding company Tapestry could rival European conglomerates like LVMH and Kering. In the Americas, the company will become the second largest luxury player behind LVMH, with a combined share of 6% of the luxury goods market, GlobalData said. The latest megadeal aims to give .
Capri Holdings, owner of Michael Kors, Versace and Jimmy Choo, clearly wants to be seen as the “American LVMH,” the country's first true player in the global luxury market. Achieving that goal is contingent on two things: reviving both Kors’ sales and its image, and doubling Versace’s revenue. Tapestry, the company that owns Coach, Kate Spade and Stuart Weitzman, is acquiring major luxury group Capri Holdings, the parent company of Versace, Jimmy Choo and Michael Kors.
In the Americas, the company will become the second largest luxury player behind LVMH, with a combined share of 6% of the luxury goods market, GlobalData said.
In the Americas, the company will become the second largest luxury player behind LVMH, with a combined share of 6% of the luxury goods market, GlobalData said.
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