Coach fashion house Tapestry buys Michael Kors parent Capri Holdings for $8.5B

Tapestry Inc., the owner of U.S. lifestyle fashion brand Coach, announced a $8.5 billion takeover of luxury fashion house Capri Holdings, which counts Versace, Jimmy Choo and Michael Kors among its stable.

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Coach owner Tapestry to buy Versace, Michael Kors parent Capri in deal worth $8.5B

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