M&A Deal Summary

Tapestry Acquires Capri Holding

On August 10, 2023, Tapestry acquired apparel/textiles company Capri Holding for 8.5B USD

Acquisition Highlights
  • This is Tapestry’s 3rd transaction in the Apparel/Textiles sector.
  • This is Tapestry’s largest (disclosed) transaction.
  • This is Tapestry’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2023-08-10
Target Capri Holding
Sector Apparel/Textiles
Buyer(s) Tapestry
Deal Type Add-on Acquisition
Deal Value 8.5B USD
Advisor(s) Barclays Investment Bank (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Capri Holding

London, United Kingdom
Capri Holding is a global fashion luxury group, consisting of iconic brands that provide design, style, and craftsmanship. Its brands cover the full spectrum of fashion luxury categories including women’s and men’s accessories, footwear, and ready-to-wear as well as wearable technology, watches, jewelry, eyewear, and a full line of fragrance products. Capri Holdings was incorporated in 1981 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Tapestry

New York, New York, United States

Category Company
Founded 1941
Sector Apparel/Textiles
Employees12,500
Revenue 6.7B USD (2024)
DESCRIPTION
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, New York.


DEAL STATS #
Overall 3 of 3
Sector: Apparel/Textiles M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Kate Spade & Co.

New York, New York, United States

Kate Spade & Company operates principally under two global, multichannel lifestyle brands: kate spade new york and Jack Spade New York. The Company’s four category pillars – women’s, men’s, children’s and home – span demographics, genders and geographies. Known for crisp color, graphic prints and playful sophistication, kate spade new york aims to inspire a more interesting life. The kate spade new york collection includes the Madison Avenue, Broome Street and on purpose labels. Jack Spade New York offers a timeless and versatile assortment of bags, sportswear and tailored clothing founded on the aesthetic of simple, purposeful design. The Company also owns Adelington Design Group, a private brand jewelry design and development group. Kate Spade & Co. was established in 1976 and is based in New York City.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-19 Stuart Weitzman

New York, New York, United States

Stuart Weitzman is a designer, manufacturer, wholesaler and retailer of premium women's shoes and handbags. Its shoe product lines include daily-wear, eveningwear and boots. The company sells its goods through a variety of channels, including national department store chains, fashionable boutiques and the Company's own retail stores. Stuart Weitzman is based in New York, New York.

Sell $105M