Coach owner's Michael Kors deal creates US giant to take on European luxury rivals | Business Information & News | Westlaw

Coach owner's Michael Kors deal creates US giant to take on European luxury rivals | Business Information & News | Westlaw

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8/10/23 REUTERS 08:15:21
REUTERS
Copyright (c) 2023 Thomson Reuters
August 10, 2023
Coach owner's Michael Kors deal creates US giant to take on European luxury rivals
Shinjini Ganguli
Ananya Mariam Rajesh
Sonia Cheema
Chandni Shah; Bengaluru
Savyata Mishra
Sriraj Kalluvila
Deborah Sophia
Aishwarya Venugopal
(Reuters) -Coach parent Tapestry will buy Michael Kors owner Capri Holdings in a deal valued at $8.5 billion, creating a U.S. fashion powerhouse to challenge larger European rivals for a bigger share of the global luxury market.
U.S. luxury firms have...
---- Index References ----
Company: KATE SPADE & COMPANY LLC; Capri Holdings Limited
News Subject: (Business Management (1BU42); Corporate Events (1CR05); Corporate Groups & Ownership (1XO09); Mergers & Acquisitions (1ME39))
Industry: (Apparel & Textiles (1AP20); Consumer Products & Services (1CO62); Fashion Industry (1FA88); Luxury Items (1LU28); Retail (1RE82); Retail Industry Highlights (1RE69))
Region: (Europe (1EU83))
Language: EN
Other Indexing: (Coach; Louis Vuitton; Dior; Refinitiv IBES; Kate Spade; Capri Holdings)
Keywords: ma
Word Count: 588
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