Tapestry merger with Versace owner Capri gets EU, Japan approval

📆 15/4/2024 11:16 pm
📰 ChannelNewsAsia

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday.

Products are displayed in the window of the Jimmy Choo store in New York City, U.S., April 24, 2017. REUTERS/Brendan McDermid/ File photo

The merger, which would bring top luxury labels such as Tapestry's Kate Spade, Stuart Weitzman and Capri's Jimmy Choo and Versace under one roof, still awaits approval from the United States. A merger between the two companies would help Tapestry compete better with Paris-listed LVMH in the European luxury market, even as demand for expensive handbags and accessories remains choppy in the United States.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ingka, Owner of Ikea Stores, Seeks Renewable Investment Opportunities in South Korea and JapanIngka, the majority owner of Ikea stores worldwide, is looking for renewable investment opportunities in South Korea and Japan, with offshore wind being the most promising option. The company aims to decarbonize its business and supply chain through renewable energy investments.
Source: asiaonecom - 🏆 10. / 59 Read more »