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Roxanne Robinson Published December 19, 2024 Reading time
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Can Capri's rumored sale of Versace and Jimmy Choo save Michael Kors?

By

Roxanne Robinson Published
December 19, 2024

Timing sure is everything, especially in business. In recent years, the current U.S. administration has gained a reputation for a more aggressive stance on antitrust, thus resulting in the Federal Trade Commission (FTC), and the Department of Justice, Antitrust Division (DOJ), implementing new guidelines and rules for mergers.

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Some believe the Trump administration will be more lenient in this regard. In fashion, the Saks-Neiman Marcus merger came under scrutiny, but the deal has seemingly escaped being blocked by the FTC and DOJ.

However, the bid from Tapestry, which owns Coach, Stuart Weitzman, and Kate Spade, to acquire Capri Holdings Limited, which includes Michael Kors, Versace, and Jimmy Choo, was blocked, and the deal was scrapped. Thus, the year ends with Capri plotting its next move, which appears to involve selling off Versace and Jimmy Choo.