Tapestry CEO Joanne C. Crevoiserat on the Capri Holdings acquisition: ‘We are competing with very large global competitors’

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In August, Tapestry, Inc. announced its $8.5 billion acquisition of Capri Holdings Limited, expanding its brand portfolio beyond Coach, Kate Spade and Stuart Weitzman to also include Michael Kors, Jimmy Choo and Versace. The merger was led by Tapestry CEO Joanne C. Crevoiserat, who had only landed in her role in 2020 but had already made a big, positive impact on the business. For example, based on a digital transformation plan she’d implemented, the company’s 2022 e-commerce sales tripled, compared to pre-pandemic levels, growing from $600 million to $2 billion.

“I’m most proud of Tapestry’s ability to deliver consistently strong results in the face of incredible challenges in the environment,” she said.

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