Coach owner Tapestry will buy Capri Holdings, the parent company of famous brands Michael Kors, Jimmy Choo and Versace, in a multi-billion dollar blockbuster deal representing a momentous shift in ...

LVMH HITS $500B IN MARKET VALUE AS SHARES HIT RECORD HIGH Tapestry brands like Kate Spade and Stuart Weitzman will now be under the same roof as Capri's Jimmy Choo, Michael Kors and Versace labels.

The transaction will see Tapestry — the steward of Coach, Kate Spade, and Stuart Weitzman — gain control of Versace, Michael Kors, and Jimmy Choo by sometime in 2024. Capri's stock surged 55% ...

Moody’s Investors Service placed Tapestry Inc.’s Baa2 rating on review for a possible downgrade on Thursday, after the company said it’s buying Capri, the parent of Michael Kors, for about $ ...

Tapestry Inc., 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, it announced ...

Shares of Capri Holdings, the parent company of luxury accessory brand Michael Kors, plummeted Friday after a judge on Thursday blocked its $8.5 billion buyout from Coach-owner Tapestry.

The announcement sent shares of Capri — the owner of Versace, Jimmy Choo and Michael Kors — down 45% in after-hours trade. Shares of Tapestry — which oversees Coach, Kate Spade and Stuart ...

Tapestry Inc.’s $8.5 billion acquisition of Michael Kors owner Capri Holdings Ltd. has been handbagged. On Thursday, US District Judge Jennifer Rochon froze the deal, concluding that it would ...

Tapestry Inc., with Coach, and Capri Holdings Ltd., with Michael Kors, have been battling for nearly a decade to dominate the US handbag market. On Thursday, Tapestry sealed its victory — and ...

A judge has blocked Coach owner Tapestry from buying rival Capri, endorsing the Federal Trade Commission’s competition concerns. That is bad news for Capri, whose top brand Michael Kors has only ...

“The combination of Coach, Kate Spade, and Stuart Weitzman together with Versace, Jimmy Choo, and Michael Kors creates a new powerful global luxury house,” Tapestry CEO Joanne Crevoiserat said ...