Choose a language
Shortpedia Categories
Company
Download App




Tapestry is acquiring Versace's parent company Capri for $8.5 billion

Shortpedia
Content Team
Image Credit: medium

Tapestry, the US-based owner of luxury lifestyle brand Coach, has announced it is acquiring Capri, the parent company of Versace. The transaction will be worth $8.5 billion. The merger will create an American luxury fashion conglomerate that can rival the likes of European powerhouses LVMH and Kering. The acquisition "creates a new powerful luxury global house," said Tapestry CEO Joanne Crevoiserat.


SMART CONTENT APP Hand picked content everyday

Shortpedia is a short news app which provide latest news in 70 words in Hindi or English Language. Read Breaking News on our Mobile App which is available on Google Play Store & Apple App Store.

Download App


Copyright © 2019 ShortPedia. All Rights Reserved.