The acquisition comes just one year short of the centenary of the two Swiss watch industry’s giants enduring partnership in bringing luxury watches from Switzerland to the world.
Luxury American Company Tapestry to Acquire Capri Holdings in a Bid to Rival European Luxury Conglomerates.The US 8.5 Billion dollar deal is a strategic move by Tapestry to create a “new powerful global luxury house”.Jul 14, 2023 / Business of Luxury From market research to compelling brand narratives, having the right marketing strategy to target your audience is essential.The luxury conglomerate’s revenue for the year 2022 grew by 23 per cent to €79.2 billion.The world’s largest luxury group raked in a revenue of €19.76 billion, representing a growth of 19 per cent compared to the same period in 2021.As a growing economy with untapped potential, India is presumably the next market that luxury brands are aiming to set foot in.
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