Latham & Watkins and Wachtell, Lipton, Rosen & Katz have advised on an $8.5 billion fashion acquisition that brings luxury brands Versace, Jimmy Choo, Michael Kors, Coach and Kate Spade all under the same umbrella.

New York-based fashion company Tapestry, which owns brands such as Coach, Kate Spade and Stuart Weitzman, announced in a statement that it was acquiring Versace-parent company Capri at $57 per share.

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