Thu. Sep 21st, 2023
5 lesser-known parent companies of major luxury brands

In a luxury fashion house merger for the ages, Tapestry, Inc. (TPR), the parent company of brands like Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to Versace, Jimmy Choo and Michael Kors, in a deal valued at about $8.5 billion.

“We are confident this combination will deliver immediate value to our shareholders,” John D. Idol, Chairman and CEO of Capri Holdings Limited, said in a statement.

While these two global luxury fashion houses come together, here are five lesser-known parent companies of some of the world’s biggest luxury brands.

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  • Tapestry, Inc. (TPR), the parent company of brands like Coach and Kate Spade, acquires Capri Holdings Limited (CPRI), home to Versace, Jimmy Choo and Michael Kors brands.
  • The value of the deal is estimated at $8.5 billion.
  • Tapestry and Capri generated more than $12 billion in combined revenue over the past fiscal year, and has a presence in more than 75 countries.

Capri fabric

Tapestry, Inc. was incorporated. Headquartered in New York in 1941 as Coach Inc. and was listed on the New York Stock Exchange (NYSE) in 2000. It later became Tapestry, Inc. in 2018, at which time the company acquired Stuart Weitzman and Kate Spade.

Capri Holdings Limited was founded in 1981 by Michael David Kors and was originally called Michael Kors Holdings. The company changed its name to Capri Holdings Limited in 2018. The company is headquartered in London.

Tapestry and Capri generated more than $12 billion in combined revenues over the past fiscal year, and have a presence in more than 75 countries. The brands owned by Tapestry and Capri are: Coach, Kate Spade, Stuart Weitzman, Jimmy Choo, Versace, and Michael Kors.


Headquartered in Paris, Kering (PPRUY) is home to high-end fashion, leather and jewelry brands. Kering generated a total of more than $21 billion (€20 billion) in revenue in 2022. The publicly traded company is owned by French billionaire François Pinault, who is also the founder.

The most famous brands owned by Kering include: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and Brioni.

Kering also owns her own luxury eyewear company, Kering Eyewear, with a portfolio of eyewear brands such as Chloe, Lindberg, Cartier, Bottega Veneta, and Balenciaga.


Moet Hennessy Louis Vuitton, or LVMH (LVMUY), is a luxury mega conglomerate with more than 75 brands spanning various sectors such as wine and spirits, fashion, leather goods, jewelry and more.

In April 2023, LVMH became the first European company with a market capitalization of more than $500 billion. The luxury goods conglomerate generated revenues of around $86.5 billion (€79 billion) in 2022. The company’s chairman and CEO, Bernard Arnault, is the second richest person in the world, with a net worth of $195 billion as of August 2023.

LVMH owns brands with a history dating back to the 1700s when Nicolas Roinart founded the first champagne house – and it still bears the name today. LVMH was founded in 1987 as a merger of fine wine and spirits brand Moet Hennessy and luxury fashion house Louis Vuitton.

Some of the brands owned by LVMH include: Louis Vuitton, Tiffany & Co. And Givenchy, Marc Jacobs, Bulgari, Dior, Fendi, Celine, Guerlain, Fenty Beauty by Rihanna, Tag Heuer, and more.


Switzerland-based luxury goods company Richemont (CFRUY) owns a portfolio of well-known high-end fashion, jewelry and watch brands. The company achieved sales of about $ 21.8 million (19.95 million euros) in the 2022 fiscal year, which is the highest level for the company ever.

Richemont’s owned brands include: Cartier, Van Cleef & Arpels, Piaget, Chloe, and Net-A-Porter.

Swatch Group

The Swatch Group (SWGAY) manufactures and sells fine watches and jewelry through its portfolio of luxury brands.

As the world’s largest watchmaker, the Swatch Group supplies nearly all of the parts needed for the watches sold by the 17 brands in its portfolio. The Swiss company had net sales of $569 million (499 million Swiss francs) in 2022.

Some of the luxury watch and jewelry brands owned by Swatch include: Harry Winston, Omega, Balmain, Rado, and Breguet.

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