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Reports suggest that Prada is among potential suitors examining the acquisition of fashion group Versace

Prada among suitors looking at Versace - reports

Italy's Prada is among potential suitors examining the acquisition of fashion group Versace which Capri Holdings has put up for sale, daily Il Sole 24 ore reported today.

Business • 10 Jan

The deal would have brought six brands under one roof - Tapestry's Coach, Kate Spade and Stuart Weitzman, and Capri's Versace, Jimmy Choo and Michael Kors

Coach parent Tapestry ends $8.5 billion deal for Capri

Tapestry is terminating its $8.5 billion deal to buy Michael Kors owner Capri following a legal hurdle, the companies said today, ending their effort to create a US luxury giant to compete with major European players.

Business • 14 Nov 24

Tapestry wanted to buy Capri to create a US luxury giant that could compete better with larger European rivals by bringing brands Coach, Kate Spade, Versace, Jimmy Choo and Michael Kors under one roof

Capri shares tumble after US court blocks Tapestry deal

Shares of Michael Kors owner Capri slumped nearly 46% in premarket trading today after a US judge blocked its pending $8.5 billion merger with handbag maker Tapestry.

Business • 25 Oct 24

Coach handbag maker Tapestry has today missed third-quarter revenue estimates

Coach parent Tapestry lowers annual sales forecast

Coach handbag maker Tapestry has today cut its annual sales forecast and missed third-quarter revenue estimates, signaling that demand for its handbags and accessories would remain weak in North America and China.

Business • 09 May 24

Coach owner Tapestry had offered to buy Capri in August, hoping to create a US fashion giant that could effectively battle bigger European rivals such as Louis Vuitton parent LVMH

US sues to block Coach & Michael Kors handbag makers deal

The US Federal Trade Commission has sued to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate "direct head-to-head competition" between the flagship brands of the two luxury handbag makers.

Business • 23 Apr 24

Coach owner Tapestry is in the middle of a $8.5 billion buyout of Michael Kors owner Capri

Coach handbag maker Tapestry cuts 2024 sales view

Coach parent Tapestry, which agreed to buy rival Capri in August, has today cut its annual sales forecast and missed first-quarter estimates, taking a hit from weak demand for its luxury handbags and shoes in North America.

Business • 09 Nov 23

Capri shares rose to $54.50 in early trading on Thursday

Tapestry buys Michael Kors owner Capri Holdings

Coach parent Tapestry will buy Michael Kors owner Capri Holdings in a deal valued at $8.5 billion, creating a US fashion powerhouse to challenge larger European rivals for a bigger share of the global luxury market.

Business • 10 Aug 23

Tapestry