Versace owner Capri snapped up by Coach’s Tapestry in £6.6bn mega-deal to challenge LVMH

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 [...]