Mergers, Acquisitions and Divestitures – Page 9

Tapestry and Capri Announce a Luxury Mega Merger

The two fashion conglomerates, Tapestry and Capri Holdings, generate about $12 billion in combined revenue.

The deal, for $1.62 billion, will put control of a cultural touchstone in the hands of a financial buyer.

The deal with KKR, a private equity firm, is said to be valued at roughly $1.62 billion, and could be announced as soon as Monday.

The move to acquire the publisher, one of the five largest in the country, comes after the government blocked a deal last year on antitrust concerns.

Chevron finds itself with an abundance of natural gas on Europe’s doorstep. Amid competing regional interests, the question is how to develop it.