FILE - This photo shows a Coach retail shop at the Citadel Outlets in Commerce, Calif., on May 3, 2019. 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 $8.5 billion deal puts Tapestry in a better position to take on its big European fashion rivals. (AP Photo/Richard Vogel, File)
August 13, 2023
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August 13, 2023 midnight
Big fashion is getting bigger. Parent of Coach will buy Versace owner Capri in $8.5 billion deal
Big fashion has been getting even bigger through a spate of acquisitions as U.S. players seek more sway in Europe.