Tapestry-Capri deal is an attempt to expand scale for luxury brands: Analyst

Yahoo Finance Video
34,969 次觀看・1 年前

Luxury designer Tapestry (TPR), the parent company of Coach and Kate Spade, is set to acquire Capri Holdings (CPRI), owner of Versace and Michael Kors, in an $8.5 billion deal.

Simeon Siegel, BMO Capital Markets Retail & Services Analyst, joins Yahoo Finance Live to break down the deal, which is expected to close in 2024, and Tapestry's attempt to create a "U.S. version of the European powerhouse brands."

Siegel examines the state of luxury consumer brands and what to expect from these companies during earnings season.

This post was written by Luke Carberry Mogan.