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Deal brings brands Kate Spade, Stuart Weitzman, Jimmy Choo and Versace all under one roof
Coach parent Tapestry will buy Michael Kors owner Capri Holdings in a deal valued at $8.5bn, creating a top US fashion house that can better compete with larger European rivals in the global luxury market.
The deal brings Tapestry’s brands, which include Kate Spade and Stuart Weitzman, and Capri’s Jimmy Choo and Versace labels under one roof.
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