Capri Holdings (Formerly Michael Kors)

In 1981, a young designer named Michael Kors founded Michael Kors Holdings Limited, a brand that would soon become synonymous with accessible luxury. Michael Kors, the man behind the name, was driven by a vision to create chic, sophisticated fashion that resonated with a global audience. His designs quickly gained traction, leading to the brand's expansion into a full-fledged fashion empire.

Over the years, Michael Kors Holdings evolved, embracing a strategy of growth through acquisition. This transformation was marked by a significant rebranding in 2018, when the company was renamed Capri Holdings Limited. This change signaled a new era, as Capri Holdings aimed to become a leading global fashion luxury group.

Capri Holdings' journey was punctuated by strategic acquisitions, including the purchase of luxury shoemaker Jimmy Choo in 2017 and the iconic Italian fashion house Versace in 2018. These acquisitions were pivotal, allowing Capri Holdings to diversify its brand portfolio and strengthen its position in the luxury market.

In a major development, Capri Holdings was acquired by Tapestry, Inc. in August 2023 for $8.5 billion. This acquisition marked a significant milestone, as it brought together some of the most renowned names in fashion under one corporate umbrella. However, the acquisition faced challenges, including a lawsuit by the U.S. Federal Trade Commission in April 2024, which sought to block the merger due to concerns over reduced competition.

Today, Capri Holdings stands as a testament to strategic growth and adaptation in the ever-evolving fashion industry, continuing to influence global fashion trends while navigating the complexities of corporate mergers and acquisitions.