Tod’s purchase of Jimmy Choo could work. Or maybe Richemont. On the other hand, Versace will attract the interest of many potential buyers, if the price is fair. Analysts speculate on who might buy the two brands Capri Holdings is putting up for sale. And, between the serious and the facetious, they wonder whether one might not end up in Tapestry’s hands.
Blame the deal
With the deal between Capri Holdings and Tapestry having sunk, the two U.S. companies have different prospects ahead of them. The latter comes out stronger: insiders feared a costly merger to acquire three lackluster brands. Conversely, Capri has remained sol with its problems and seems intent on selling Versace and Jimmy Choo to focus on Michael Kors.
Analysts’ opinions
According to a survey by Vogue Business, Versace is one of the most interesting acquisition targets in 2025. Because it’s a historic brand and there are not many like it on the market. Consultant Robert Burke would see interested in acquiring Versace “a large, strong conglomerate in Asia and the Middle East, where Versace is very active”. The name that fits this identikit is Dubai-based Chalhoub Group, already a regional distribution and joint venture partner for Versace and Jimmy Choo.
Or perhaps Richemont
Analysts believe that given the peculiarities of the two brands up for sale, it is unlikely that both will end up in the same hands. Tapestry is a potential buyer, says Globaldata’s Neil Saunders wryly, who says Tapestry’s growth ambitions are intact. Relative to Jimmy Choo, Burke expects that big luxury players might be interested. And he mentions two names the brand would pair well with: Richemont and Tod’s.
What about Capri?
As for the future of Capri Holdings, the move to focus on Michael Kors is potentially correct. But Saunders warns, “It would leave the group with a weakened business and represent the end of its ambitions. Since it would be, in essence, a return to where it started: running a one-brand business”.
Read also:
- Every man for himself: no merger between Tapestry and Capri
- Tapestry-Capri and Mulberry deal failures will have consequence
