Fashion company Tapestry Inc. is close to a deal to buy Capri Holdings Ltd., the parent company of Michael Kors, Jimmy Choo and Versace, the Wall Street Journal reported late Wednesday.It was unclear how much the deal could be worth, but the Journal said it... Fashion company Tapestry Inc. is close to a deal to buy Capri Holdings Ltd., the parent company of Michael Kors, Jimmy Choo and Versace, the Wall Street Journal reported late Wednesday.
Tapestry reported fiscal third-quarter earnings in May that beat estimates, and the company raised its full-year guidance. Its shares are up 8% year to date.
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