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Tapestry See Profile
The court hearing for the Federal Trade Commission’s attempt to block Coach-owner Tapestry Inc.’s acquisition of Versace-parent Capri will begin on September 9.
The company claims that the Old Navy-branded product infringes on its trademarks.
The American fashion conglomerate, which also owns Kate Spade and Stuart Weitzman, earned profits of $195 million USD in the three month period.
Analysts suggest that the industry’s recent financial reports mark the end of a “global luxury bubble.”
Following Tapestry Inc.’s acquisition of Versace’s parent company Capri Holdings.
Peter Do Joins Banana Republic and Tapestry's Q4 Earnings Fall Short in This Week's Top Fashion News
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The company, which will soon acquire Capri Holdings, also forecasts less-than-expected results for fiscal 2024.
Stay up to date on the latest industry headlines.
The Coach parent company is purchasing Capri Holdings in a bid to create the strongest luxury fashion group in America.
Exploring masculinity through tactile materials and subverting traditional associations.
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