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 | ||
42.67 USD | +1.33% | +9.47% | +15.92% |
May. 10 | Jefferies Adjusts Tapestry's Price Target to $42 From $50 | MT |
May. 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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787.7 EUR | -0.16% | +0.14% | 428B | ||
741 EUR | -0.34% | +0.54% | 146B | ||
456.3 EUR | -0.11% | +2.18% | 265B | ||
336.6 EUR | -0.03% | +1.69% | 44.86B | ||
136 USD | +1.45% | +4.99% | 48.76B | ||
42.67 USD | +1.33% | +9.47% | 9.8B | ||
36.15 USD | -0.14% | -1.53% | 4.21B | ||
16.48 BRL | +4.57% | -6.31% | 4.45B | ||
EPS Revisions
1st Jan change | Capi. | |
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+15.92% | 9.8B | |
+17.06% | 80.72B | |
-15.61% | 44.86B | |
-3.89% | 44.6B | |
-1.29% | 26.28B | |
+14.98% | 14.27B | |
+0.17% | 12.44B | |
+9.94% | 8.43B | |
+4.93% | 8.19B | |
+56.06% | 7.04B |
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