Tapestry to Acquire Capri Holdings in $8.5 Billion Deal in Consolidating Luxury Sector

Tapestry to Acquire Capri Holdings in $8.5 Billion Deal in Consolidating Luxury Sector

An American fashion mega deal was announced today, August 10, in which Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman, will acquire Capri Holdings, home to Michael Kors, Jimmy Choo and Versace.

The purchase price is $8.5 billion and is not subject to any financial conditions. Tapestry has secured $8 billion from the Bank of America and Morgan Stanley to finance the deal, which will not close until 2024.

Capri, which has a market cap of just over $4 billion, reported revenues of $5.62 billion in fiscal 2023, down 0.7 per cent on the previous year’s record $5.65 billion. This performance is very subpar in the high-end luxury market, which has had a strong rebound in a post-COVID luxury retail landscape.

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COACHTOPIA Scrappy Bags 'Think Different' and Sell Out on Coach Website

COACHTOPIA Scrappy Bags 'Think Different' and Sell Out on Coach Website

On the rarest of occasions, AOC wakes up to a significant new reality in fashion world, a radical process that turns everything upside down. Going foward, we will share the news by playing probably the most important marketing video ever to date ‘The Crazy Ones’.

Today, April 24, 2023 Anne of Carversville shares ‘The Crazy Ones’ worthy: COACHTOPIA.

A defining component of Coachtopia, Joon Silverstein, SVP, global marketing, creative and sustainability explained to Vogue Business, is that it is built as a “community” and has invited a “beta community” of Gen Z environmentally-conscious, individuals to collaborate and give feedback on Coachtopia concepts and products.

Emerging artists will be key players in future product drops and design collaborations.

Coach flipped its traditional production process on its head. Rather than a vision and a sketch, designers started with scraps on a cutting room floor. The handbags are made almost entirely from materials that were destined for landfill, with excess leather fragments arranged into vibrant floral patterns and zipper tracks repurposed into embellishments. The waste-forward products are a bid to transform the supply chain and move toward a circular industry, Coach says to all press inquiries.

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EYE on TikTok Star Wisdom Kaye for Coach 'Hit the Slopes' and H&M Innovation @ British Fashion Awards

American model and Tik Tok personality Wisdom Kaye joins Brittany O’Grady, Mia Regan and Tiffany Guo in the new Coach ‘Hit the Slopes’ campaign. The vision behind the campaign ‘introduces nostalgic winter sportswear reimagined through the optimistic lens of now' along with a digital game, Snow City. The game allows players to ‘race through snowy New York City as a Coach Holiday animal, collecting “love”’.

After all the challenges in 2021 — and especially for our young people, whose lives are just turned upside down in today’s world — let’s play along with Snow City.

Anne of Carversville is all about love through the practice of ‘ubuntu’ — the Nguni Bantu term meaning "humanity". It is sometimes translated as "I am because we are" (also "I am because you are"), or "humanity towards others" (in Zulu, umuntu ngumuntu ngabantu), according to Wiki.

New York City photographer Zackery Michael [IG] photograph’s the Coach ‘Hit the Slopes’ campaign. His images seem to appear out of another era.

Like so many New York City creatives, Michael — who lives in Williamsburg, Brooklyn — migrated to the city from small town America. In his case Springfield, Oregon. Zackery Michael’s bags are always packed and ready for the next destination.

Wisdom Kaye is also on the move, appearing Monday night at the British Fashion Council awards, where he was dressed in clothes from H&M’s new circularity-focused collection, Innovation Circular Design Story.

Wisdom Kaye is represented by IMG models and hails from Houston, Texas. The energy-infused, rising creative star with major swagger joined Tik Tok in January 2020 and went viral for his offering to the ‘Vogue Challenge’.

By July 2020, the Kaye’s TikTok had 2 million followers, prompting Vogue to call him "TikTok's best-dressed guy".

Read more about H&M’s commitment to being a leader in rewriting fashion’s damning impact on our planet. The brand has created a heap of woes around our industry’s destruction of the environment in pursuit of style and see-me pleasures.

Now the global brand is committed to being a leader in cleaning up the mess. H&M is teaming up with fashion’s most talented people to help drive hope the urgency of a planet-protecting response.

Jennifer Lopez, Kate Moss Front COACH Bag Fall 2021 Relaunch Campaign by Juergen Teller

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Jennifer Lopez, Kate Moss Front COACH Bag Fall 2021 Relaunch Campaign by Juergen Teller AOC Fashion

Brand ambassadors Jennifer Lopez and singer-songwriter Kōki are joined by Kate Moss, Kelsey Lu, Ma Zhe and Xiao Wen Ju in the COACH Rogue bag relaunch. Juergen Teller [IG] is behind the lens, with styling by Oliver Rizzo.

The Rogue bag was first launched in 2016, inspired by “free-spirits, rebels and dreamers.” For the Fall 2021 season Coach presented new version of the bag – featuring organic cotton and recycled polyester in the brand’s signature jacquard print.