Editor
It’s a new chapter in American retail.
Tapestry, Inc., the parent company of handbag brands Coach and Kate Spade, has acquired Capri Holdings, the group behind Michael Kors, Jimmy Choo and Versace, in an $8.5 billion transaction — a deal that has the potential to dramatically reshape the US positioning in global fashion retail.
Together, the expanded group, which also includes Tapestry’s shoe label Stuart Weitzman, will generate just over…
