Tapestry is the fashion conglomerate behind Coach and Kate Spade.

Tapestry now becomes a viable competitor for LVMH and Kering as it becomes the largest fashion conglomerate in the US for US brands (sorry, PVH, you are now in second place in the US fashion market).

CNBC: Coach owner Tapestry to acquire Michael Kors, Jimmy Choo parent Capri Holdings for $8.5 billion