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Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings. The approximately US$8.5 billion deal puts Tapestry in a better position to take on its big European fashion rivals.
Source: ctv business
Coach parent Tapestry buying Capri, owner of Michael Kors and Versace, in US.5 billion deal
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