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Versace

Coverage of Versace in the Nexus archive.

Earliest in view: Jul 6 · 11:03 UTCMost recent: Jul 6 · 11:03 UTC
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  • BUSINESSJul 6 · 11:03 UTCFORTUNE
    How the company behind Coach and Kate Spade decides what belongs in its portfolio

    Tapestry, the parent company of Coach and Kate Spade, evaluates portfolio decisions based on its unique ability to create value for acquired assets. The company pursued a $8.5 billion acquisition of Capri Holdings (owner of Michael Kors, Versace, and Jimmy Choo) in 2023 but abandoned the deal after regulatory rejection, later selling Stuart Weitzman. Scott Roe, Tapestry’s CFO/COO, emphasizes strategic alignment and operational expertise as key factors in acquisition and divestiture decisions.