Aug 10 (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: Deal Details Company Date Name Kering July 27, 2023 The French luxury group took a 30% stake in Italian fashion label Valentino for $1.87 billion in cash. 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 billion deal. 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 move. Estee Nov. 14, 2016 Estee Lauder bought makeup brand Lauder Too Faced for about $1.45 billion. 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)
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5-day change | 1st Jan Change | ||
43.06 USD | -2.76% | +3.98% | +16.98% |
05-10 | Jefferies Adjusts Tapestry's Price Target to $42 From $50 | MT |
05-10 | JPMorgan Adjusts Tapestry's Price Target to $54 From $56 | MT |
Stocks mentioned in the article
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Capi.
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739.2 EUR | +0.57% | +2.13% | 398B | ||
703.5 EUR | +0.29% | +1.01% | 138B | ||
453 EUR | +0.20% | +3.00% | 263B | ||
323.4 EUR | +0.36% | -0.02% | 42.99B | ||
123.5 USD | -0.55% | -2.00% | 44.3B | ||
43.06 USD | -2.76% | +3.98% | 9.89B | ||
33.84 USD | -1.66% | -1.20% | 3.95B | ||
15.05 BRL | +0.40% | +1.48% | 3.95B | ||
EPS Revisions
1st Jan change | Capi. | |
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+16.98% | 9.89B | |
+16.66% | 149B | |
+16.43% | 80.24B | |
+1.86% | 47.26B | |
-18.93% | 42.99B | |
+5.57% | 28.31B | |
+17.74% | 14.45B | |
+17.22% | 14.49B | |
+28.46% | 10.07B | |
+92.30% | 8.67B |
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