The American company Tapestry became the new owner of a brand of Versace

The Italian fashion house Versace later again replaced five years the owner. The American company Tapestry for 8,5 billion dollars got company Capri Holdings Ltd, since 2018 owning the well-known brand from Italy. About it reports information agency "Reuters". Tapestry owning brands of Coach, Kate Spade and Stuart Weitzman, bought Capri Holdings Ltd which possesses Michael Kors, to Jimmy Choo and Versace. Owners of Tapestry count that consolidation of assets will allow to improve stability of companies in the conditions of easing of demand for luxury goods. Let's remind, Michael Kors got the Italian fashion house Versace in 2018...