![Versace owner Capri snapped up by Coach’s Tapestry in £6.6bn mega-deal to challenge LVMH](https://dailytalks.org/wp-content/uploads/2023/08/91757-versace-owner-capri-snapped-up-by-coachs-tapestry-in-6-6bn-mega-deal-to-challenge-lvmh.jpg)
Tapestry, the American fashion brand behind luxury brands such as Coach and Kate Spade, has agreed to buy Capri the owners of designer Versace in a $8.5bn (£6.6bn) deal. The merger will form a larger fashion conglomerate which will rival the likes of LVMH, the multibillion pound business behind designers such as Louis Vuitton and …
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