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Acquisition turns Tapestry into a $12 billion group

14/08/2023
Acquisition turns Tapestry into a $12 billion group

Tapestry, the parent group of Coach, Stuart Weitzman and Kate Spade, is to acquire Capri Holdings, whose brands are Versace, Michael Kors and Jimmy Choo, for $8.5 billion. The two New York-based groups made the announcement on August 10.

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