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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. Bernard Arnault, the world's third-richest person and the wealthiest outside the .
Versace’s parent company has announced it’s being bought by the luxury .In 1987, Moet Hennessy and Louis Vuitton merged to create LVMH. Following different visions of the future of the Group, Alain Chevalier and Henri Racamier, respective leaders of MH and LV, started to fight. Racamier invited Bernard Arnault to invest in LVMH. Rapidly, Arnault succeeded in taking control of LVMH at the expense of the initial family owners. Contrary to what is often indicated, . 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. Bernard Arnault, the world's third-richest person and the wealthiest outside the US, heads the world's largest luxury goods conglomerate. LVMH owns iconic brands such as Louis Vuitton, Dior, and.
Versace’s parent company has announced it’s being bought by the luxury goods group Tapestry. In a new deal worth .5 billion (approximately €7.75bn), Capri Holdings is being taken over by .In 1987, Moet Hennessy and Louis Vuitton merged to create LVMH. Following different visions of the future of the Group, Alain Chevalier and Henri Racamier, respective leaders of MH and LV, started to fight. Racamier invited Bernard Arnault to invest in LVMH.
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. What he says he's trying to build is not luxe-light, but the real thing: a luxury group strong enough to stand alongside European leaders LVMH, Kering and Richemont, which together own more than 100 global luxury brands. On Thursday, it dished out .5 billion to buy Capri, the owner of fashion brands Versace, Michael Kors, and Jimmy Choo. The goal is to create “a new powerful global luxury house,” Tapestry CEO. In April the US Federal Trade Commission sued to block the acquisition of Capri, the owner of Versace and Jimmy Choo, by Tapestry, which owns Kate Spade and Coach, a downstream segment of the.
In the latest mega-fashion industry acquisition, Tapestry, the parent company of luxury accessory brand Coach, announced its merger with luxury fashion company and Versace owner Capri Holdings. Early on Tuesday, the brands confirmed the deal: For .12 billion, Versace will become part of the Kors family. For Versace’s fans, the announcement has caused some distress and.
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. Bernard Arnault, the world's third-richest person and the wealthiest outside the US, heads the world's largest luxury goods conglomerate. LVMH owns iconic brands such as Louis Vuitton, Dior, and. Versace’s parent company has announced it’s being bought by the luxury goods group Tapestry. In a new deal worth .5 billion (approximately €7.75bn), Capri Holdings is being taken over by .
In 1987, Moet Hennessy and Louis Vuitton merged to create LVMH. Following different visions of the future of the Group, Alain Chevalier and Henri Racamier, respective leaders of MH and LV, started to fight. Racamier invited Bernard Arnault to invest in LVMH.
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. What he says he's trying to build is not luxe-light, but the real thing: a luxury group strong enough to stand alongside European leaders LVMH, Kering and Richemont, which together own more than 100 global luxury brands. On Thursday, it dished out .5 billion to buy Capri, the owner of fashion brands Versace, Michael Kors, and Jimmy Choo. The goal is to create “a new powerful global luxury house,” Tapestry CEO.
In April the US Federal Trade Commission sued to block the acquisition of Capri, the owner of Versace and Jimmy Choo, by Tapestry, which owns Kate Spade and Coach, a downstream segment of the. In the latest mega-fashion industry acquisition, Tapestry, the parent company of luxury accessory brand Coach, announced its merger with luxury fashion company and Versace owner Capri Holdings.
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