Tapestry buys the owner of Michael Kors and Versace

Tapestry will pay 57 for the stock Capri that is 65% higher than the cost of papers of companies on market closing on Wednesday, writes information agency "Interfaks". Merge two companies, as expected, will allow to achieve economy on expenses of more than 200 million dollars within three years after transaction closing due to reduction of operational costs and increase of efficiency of chains of deliveries. Boards of directors of Tapestry and Capri approved the transaction and expect to close it in 2024 calendar year. Advertizing on New Retail. Media whale Cumulative sales Tapestry and Capri last financial year exceeded 12 billion dollars...