Editor
LONDON — The recent wave of fashion dealmaking shows no signs of slowing down as smaller players look to scale up to compete with behemoths LVMH and Kering. This week, it was accessible luxury group Tapestry’s acquisition of rival Capri Holdings — owner of the Michael Kors, Versace and Jimmy Choo brands — that took the industry by surprise.
The transaction values Capri at $8.5 billion, a 55 percent premium on the company’s…
