M&A Deal Summary

Sara Lee Acquires Tapestry

On January 1, 1985, Sara Lee acquired apparel/textiles company Tapestry for 30M USD

Acquisition Highlights
  • This is Sara Lee’s 1st transaction in the Apparel/Textiles sector.
  • This is Sara Lee’s largest (disclosed) transaction.
  • This is Sara Lee’s 2nd transaction in the United States.
  • This is Sara Lee’s 1st transaction in New York.
Investment Fate
  • Tapestry was sold to a strategic buyer in 2000.

M&A Deal Summary
Date 1985-01-01
Target Tapestry
Sector Apparel/Textiles
Buyer(s) Sara Lee
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Tapestry

New York, New York, United States
Coach store in the Miller Hill Mall of Duluth, Minnesota.
Coach store in the Miller Hill Mall of Duluth, Minnesota.
Tapestry is a design house of modern luxury accessories and lifestyle collections with a heritage of pairing leathers and materials with innovative design. The Company operates through a network worldwide through Coach stores, select department stores and specialty stores. Tapestry was founded in 1941 and is based in New York City.

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Buyer(S) 1

Buyer

Sara Lee

Downers Grove, Illinois, United States
Category Company
Founded 1939
Sector Food
DESCRIPTION

Sara Lee Corp. was a consumer goods and food company headquartered in Downers Grove, Illinois. The Company was formed in 1939 and became defunct in 2012 when it split into Hillshire Brands and D.E. Masters Blends.

DEAL STATS #
Overall 2 of 7
Sector (Apparel/Textiles) 1 of 2
Type (Add-on Acquisition) 1 of 6
State (New York) 1 of 1
Country (United States) 2 of 6
Year (1985) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1968-03-30 Aerus

Dallas, Texas, United States

Aerus is a manufacturer and direct marketer of high-end vacuums and floor cleaners sold throughout the United States and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-31 Aerus

Dallas, Texas, United States

Aerus is a manufacturer and direct marketer of high-end vacuums and floor cleaners sold throughout the United States and Canada.

Sell -
Mergr

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