New luxury fashion empire as Coach and Michael Kors owners merge in $8.5bn deal
The luxury conglomerate behind Coach, Kate Spade and Stuart Weitzman is growing by three more brands with the US$8.5 billion purchase of Michael Kors-founded Capri Holdings Limited, merging two American fashion groups amid news that U.S. luxury spending has slowed in favour of growth in Europe and Asia. Key Takeaways Key Background Coach and Michael […]