Tapestry, Inc., a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, and Capri Holdings Limited, a global fashion luxury group consisting of Versace, Jimmy Choo, and Michael Kors, August 10, 2023 announced that they have entered into a definitive agreement under which Tapestry will acquire Capri Holdings. Under the terms of the transaction Capri Holdings shareholders will receive $57.00 per share in cash for a total enterprise value of approximately $8.5 billion.
8/10/23 Profile (PRIOR to merger with Capri): Tapestry, Inc. global house of brands unites the magic of Coach, Kate Spade New York and Stuart Weitzman. Each of their brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. They use their collective strengths to move their customers and empower their communities, to make the fashion industry more sustainable, and to build a company that’s equitable, inclusive, and diverse. Individually, their brands are iconic. Together, they can stretch what’s possible. To learn more about Tapestry, please visit www.tapestry.com. For important news and information regarding Tapestry, visit the Investor Relations section of our website at www.tapestry.com/investors. In addition, investors should continue to review their news releases and filings with the SEC. They use each of these channels of distribution as primary channels for publishing key information to their investors, some of which may contain material and previously non-public information. The company’s common stock is traded on the New York Stock Exchange under the symbol TPR.
Learn more about Tapestry financials from their investor relations page.
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