Tapestry to Acquire Capri Holdings in $8.5 Billion Deal in Consolidating Luxury Sector
/An American fashion mega deal was announced today, August 10, in which Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman, will acquire Capri Holdings, home to Michael Kors, Jimmy Choo and Versace.
The purchase price is $8.5 billion and is not subject to any financial conditions. Tapestry has secured $8 billion from the Bank of America and Morgan Stanley to finance the deal, which will not close until 2024.
Capri, which has a market cap of just over $4 billion, reported revenues of $5.62 billion in fiscal 2023, down 0.7 per cent on the previous year’s record $5.65 billion. This performance is very subpar in the high-end luxury market, which has had a strong rebound in a post-COVID luxury retail landscape.
Read MoreJimmy Choo Hot Summer Goddess Style by Gisele Bundchen Shot by Carlijn Jacobs
/Jimmy Choo unveiled Gisele Bundchen as the star of its latest campaign ‘Who Is Ready for Summer’, shot by Carlijn Jacobs in Miami.
Imruh Asha styles the Brazilian runway legend, who was her own date to the Met Gala Monday thankyou. Gisele wears Jimmy Choo favs like the gold Agave gladiator sandal, pearl-embellished Fayence, Cecelia cork sandals and handwoven Bon Bon Bucket bag.
Read MoreBarbara Palvin in Jimmy Choo Snow Capsule 2022 Collection Lensed by Dan Beleiu
/Glaciers may be melting and fuel shortages growing in Europe over the war in Ukraine — and oh, yes, let’s not forget water shortages in many American ski resorts areas affecting the making of artificial snow.
Undaunted, Jimmy Choo puts on Icarus wings, determined to fly against the trends into financial success with a glamorous ski capsule collection for non-performance-oriented snow bunnies.
Read MoreBarbara Palvin and Precious Lee in Jimmy Choo Goddess Country Summer 2022 Campaign
/Fresh on the thrill of Gisele Bundchen’s Amazonian woman self gracing five — count them FIVE — blazingly sexy covers of V Magazine 136, Jimmy Choo rolls into our disbelieving eyes one day later with Barbara Palvin and Precious Lee saying “Yes, we are sexy, fully-formed Jimmy Choo Summer 2022 goddesses posing poolside in our totally gorgeous, absolutely-loved bodies. Deal with it.”
Madison Headrick and Geron McKinley complete the quartet styled by Alice Lombardini with creative direction by Sandra Choi.
Read MoreHailey Bieber Fronts Jimmy Choo 'Time to Dare' Fall 2021 Campaign
/Hailey Bieber Fronts Jimmy Choo 'Time to Dare' Fall 2021 Campaign AOC Fashion
Hailey Bieber brings sensual glam, allure and confidence to Jimmy Choo’s latest campaign, ‘Time To Dare’. Captured by Pierre-Ange Carlotti in Los Angeles, Bieber is pictured against dramatic panoramas in the luxury brand's most captivating pieces. Ben Kelway provides art direction on the shoot with styling by Ilona Hamer.
“Hailey is the embodiment of the Jimmy Choo spirit today—glamourous, sexy, alluring, daring, and confident," Jimmy Choo Creative Director, Sandra Choi said. "She perfectly encapsulates the DNA that is the core of our brand.”
I love her energy, style and her innate confidence that comes through in each of the images,” Choi added.
Jimmy Choo Launches Sustainable Swimwear Summer 2021 Beach Fun Campaign
/Jimmy Choo Launches Sustainable Swimwear Summer 2021 Beach Fun Campaign
Jimmy Choo [IG] launches its first beach-beauty swimsuits campaign for summer 2021. The JC monogram printed fabric is crafted from 100%sustainable and recycled nylon in a rainbow print of yellow, green, and pink hues. The collection comes with plenty of accessories including flip flops, espadrilles, sunglasses, tote bags, beach towel and more sun fun style for women and men.