Major deals in global luxury market in the past decade
Reuters
Published Aug 10, 2023 09:44AM ET
Updated Aug 10, 2023 11:31AM ET
(Reuters) -Coach parent Tapestry said on Thursday it will buy Michael Kors owner Capri Holdings (NYSE:CPRI) in a deal valued at $8.5 billion, creating a top U.S. fashion house that can better compete with larger European rivals.
Here are some other major deals in the global luxury space in the past decade:
Deal Details
Company Date
Name
Kering (EPA:PRTP) July 27, 2023 The French luxury group took a
30% stake in Italian fashion
label Valentino for $1.87 billion
in cash.
L'Oreal April 4, 2023 French beauty firm L'Oreal bought
Australian luxury brand Aesop
from Natura & Co in a deal valued
at $2.53 billion.
Estee Nov. 15, 2022 Estee Lauder (NYSE:EL) agreed to buy U.S.
Lauder fashion label Tom Ford in a $2.8
billion deal.
LVMH Oct. 29, 2020 France's LVMH said it would pay
$15.8 billion to buy U.S. jeweler
Tiffany & Co (NYSE:TIF).
Capri Sept. 25, 2018 Capri (then Michael Kors) agreed
to buy luxury designer Versace
for $2.15 billion including debt.
Capri July 25, 2017 Retailer Michael Kors (now Capri)
agreed to buy luxury shoemaker
Jimmy Choo for $1.2 billion.
Tapestry May 8, 2017 Handbag maker Coach (now
Tapestry) bought Kate Spade & Co
for $2.4 billion.
LVMH April 25, 2017 French billionaire Bernard
Arnault agreed to combine the
Christian Dior fashion brand with
his LVMH empire in a $13 billion
move.
Estee Nov. 14, 2016 Estee Lauder bought makeup brand
Lauder Too Faced for about $1.45
billion.
Tapestry Jan. 6, 2015 Tapestry (then Coach Inc (NYSE:TPR)) bought
women's luxury footwear company
Stuart Weitzman in a deal valued
at up to $574 million.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.