Reuters) Coach parent Tapestry will buy Michael Kors owner Capri Holdings in a deal valued at $8.5 billion, creating a U.S. fashion powerhouse to challenge larger European rivals for a…
Reuters) Coach parent Tapestry will buy Michael Kors owner Capri Holdings in a deal valued at $8.5 billion, creating a U.S. fashion powerhouse to challenge larger European rivals for a bigger share of the global luxury market.U.S. luxury firms have consistently lagged their European peers in scale…
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Coach owner’s Michael Kors deal creates US giant to take on European luxury rivals
