American multinational luxury fashion holding company Tapestry has acquired Capri Holdings Limited (NYSE: CPRI), a global fashion luxury group consisting of renowned brands Versace, Jimmy Choo, and Michael Kors. By uniting its six powerful, complementary and differentiated brands, it will create a new, powerful house of global iconic luxury and fashion brands.

Tapestry is on a mission to build unique brand worlds that emotionally connect with consumers. The iconic Italian heritage and bold confidence of Versace, the glamour and daring spirit of Jimmy Choo, and the Jet Set lifestyle of luxury fashion brand Michael Kors, will be great additions to the company. This planned acquisition will bring even more innovation and craftsmanship to consumers’ favourite luxury and fashion brands as it invests in new materials, new geographies, and new immersive brand experiences – all through the lens of each brand’s unique creative direction and distinctive voice.