Tapestry Holding, which owns luxury brands Coach, Kate Spade and Stuart Weitzman, acquires the Capri Holdings group of companies for $8.5 billion. After the deal closes at the end of 2024, the company will consist of "six complementary brands with a global reach" Projected annual sales are estimated to be more than $12 billion in more than 75 countries. Earlier it was reported that the Federal Antimonopoly Service of Russia agreed on a deal to acquire up to 75% of the shares of the retailer Melon Fashion Group.
Russia
Service-of-russia
Melon-fashion-group
Capri-holdings
Cnn
Federal-antimonopoly-service
Melon-fashion