At a brand of Versace the owner] was replace

Company Tapestry owning brands of Coach, Kate Spade and Stuart Weitzman, bought company Capri Holdings Ltd for $8,5 billion. About it writes information agency "Reuters". As a result of the transaction brands of Capri Holdings Ltd — Michael Kors, Jimmy Choo and Versace — received the new owner. Director general Capri John Aydol declared that the transaction will allow to increase resources and opportunities "for acceleration of expansion of global presence" companies. "Demand easing [] put pressure upon Tapestry and Capri which pay now [bigger] attention to the international markets to support growth upon luxury goods. Starting...