Turnover: 12 billion USD (2022)

Country: United States

American home furnishings and decorating group that owns : Coach, Kate Spade and Stuart Weitzman

News

Michael Kors group acquired by Tapestry group 07/09/2023

  • Tapestry, owner of Coach, is about to acquire Capri, the parent company of Michael Kors, Versace and Jimmy Choo, for $8.5 billion.
  • The combined sales of the new group are expected to reach $12 billion
  • The group will have a presence in 75 countries.
  • European luxury giants such as LVMH, Kering, Chanel and Hermès have sales of €79 billion, €20 billion, €16 billion and €11 billion respectively in 2022.
  • Tapestry and Capri combined will have a 5.1% share of the luxury goods market, making them the world's fourth-largest group behind LVMH, Kering and Chanel.
  • Tapestry had previously acquired leather goods maker Kate Spade in 2017 for $2.4 billion, while Capri had acquired shoemaker Jimmy Choo for $1.2 billion.

An 8 billion-plus share to create an American luxury giant 11/08/2023

  • US luxury goods group Capri Holdings acquired by Tapestry for $8.5 billion
  • Together, the two groups generate annual sales of $12 billion
  • The combined market capitalization of the two groups is $14 billion.
  • Tapestry acquired Kate Spade in 2017 for $2.4 billion.
  • Capri Holdings acquired Jimmy Choo for $1.2 billion and then Versace for $2.2 billion.

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