Luxury American Company Tapestry to Acquire Capri Holdings in a Bid to Rival European Luxury Conglomerates.Â
The US 8.5 Billion dollar deal is a strategic move by Tapestry to create a "new powerful global luxury house".
The post Luxury American Company Tapestry to Acquire Capri Holdings in a Bid to Rival European Luxury Conglomerates. appeared first on LUXUO.
When it comes to the pantheon of luxury conglomerates, Kering and LVMH reign supreme as they each hold a sizeable portion of the luxury fashion and goods market. Tapestry, the New-York based parent company of Coach, Stuart Weitzman and Kate Spade New York is now throwing its hat in the ring after making plans to buy Capri, the owner of founder-led labels which include Jimmy Choo, Michael Kors and Versace, at the end of last week.
Read More: Luxury Powerhouses: Kering Buys 30 Percent of Valentino, LVMH Pays US $166 Million To Sponsor The Paris 2024 Summer Olympics
There is a clear distinction between Tapestry which holds more American lifestyle-led (perhaps ?affordable” luxury) brands that are youthful and modern as opposed LVMH?s European counterparts that hold internationally renowned powerhouses consisting of distinguished fashion maisons the likes of Louis Vuitton and Dior or Kering?s Gucci and Saint Laurent. Among other major factors, scale is part of Tapestry?s new strategy.
Read More: Kering Acquires Creed In A ?Natural Extension? of The Group?s Luxury Universe
Reuters reports that luxury firms in the United States have ?consistently lagged? behind their European peers i...
The post Luxury American Company Tapestry to Acquire Capri Holdings in a Bid to Rival European Luxury Conglomerates. appeared first on LUXUO.
When it comes to the pantheon of luxury conglomerates, Kering and LVMH reign supreme as they each hold a sizeable portion of the luxury fashion and goods market. Tapestry, the New-York based parent company of Coach, Stuart Weitzman and Kate Spade New York is now throwing its hat in the ring after making plans to buy Capri, the owner of founder-led labels which include Jimmy Choo, Michael Kors and Versace, at the end of last week.
Read More: Luxury Powerhouses: Kering Buys 30 Percent of Valentino, LVMH Pays US $166 Million To Sponsor The Paris 2024 Summer Olympics
There is a clear distinction between Tapestry which holds more American lifestyle-led (perhaps ?affordable” luxury) brands that are youthful and modern as opposed LVMH?s European counterparts that hold internationally renowned powerhouses consisting of distinguished fashion maisons the likes of Louis Vuitton and Dior or Kering?s Gucci and Saint Laurent. Among other major factors, scale is part of Tapestry?s new strategy.
Read More: Kering Acquires Creed In A ?Natural Extension? of The Group?s Luxury Universe
Reuters reports that luxury firms in the United States have ?consistently lagged? behind their European peers i...
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