(Reuters) -Coach parent Tapestry said on Thursday it will buy Michael Kors owner Capri Holdings in a deal valued at $8.5 billion, creating a top U.S. fashion house that can better compete with larger European rivals.
Here are some other major deals in the global luxury space in the past decade:
Kering July 27, 2023 The French luxury group took a
30% stake in Italian fashion
label Valentino for $1.87 billion
L’Oreal April 4, 2023 French beauty firm L’Oreal bought
Australian luxury brand Aesop
from Natura & Co in a deal valued
at $2.53 billion.
Estee Nov. 15, 2022 Estee Lauder agreed to buy U.S.
Lauder fashion label Tom Ford in a $2.8
LVMH Oct. 29, 2020 France’s LVMH said it would pay
$15.8 billion to buy U.S. jeweler
Tiffany & Co.
Capri Sept. 25, 2018 Capri (then Michael Kors) agreed
to buy luxury designer Versace
for $2.15 billion including debt.
Capri July 25, 2017 Retailer Michael Kors (now Capri)
agreed to buy luxury shoemaker
Jimmy Choo for $1.2 billion.
Tapestry May 8, 2017 Handbag maker Coach (now
Tapestry) bought Kate Spade & Co
for $2.4 billion.
LVMH April 25, 2017 French billionaire Bernard
Arnault agreed to combine the
Christian Dior fashion brand with
his LVMH empire in a $13 billion
Estee Nov. 14, 2016 Estee Lauder bought makeup brand
Lauder Too Faced for about $1.45
Tapestry Jan. 6, 2015 Tapestry (then Coach Inc) bought
women’s luxury footwear company
Stuart Weitzman in a deal valued
at up to $574 million.
(Compiled by Savyata Mishra, Juveria Tabassum and Granth Vanaik in Bengaluru; Edited by Shounak Dasgupta)