Coach Owner to Buy Michael Kors Parent in $8.5 Billion Deal - BNN Bloomberg

Tapestry Inc., the owner of brands including Coach and Kate Spade, agreed to acquire Michael Kors parent Capri Holdings Ltd. in an $8.5 billion deal that shows the wave of consolidation in the luxury-goods sector is far from finished.

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Coach Parent Tapestry to Buy Michael Kors Owner Capri Holdings