retailers

New York City — Tapestry, owner of fashion brands Coach, Kate Spade and Stuart Weitzman, has agreed to acquire luxury fashion group Capri Holdings Limited for $8.5 billion. Both companies are based in New York City. Capri Holdings consists of Versace, Jimmy Choo and Michael Kors. The group spans a retail footprint of over 1,200 stores globally, including 223 Versace locations, 237 Jimmy Choo stores and 812 Michael Kors locations. The all-cash transaction, which was unanimously approved by the board of directors at both Tapestry and Capri Holdings, is expected …

Minneapolis — Target Corporation has begun rolling out its new “Drive Up with Starbucks.” Guests can add a Starbucks menu item to a Drive Up order and have it delivered to their car at stores offering Target’s free Drive Up service. The service is beginning its chainwide rollout this summer and is slated to be available at all the 1,700-plus stores with Starbucks Cafés and Drive Up service by October. “Our guests have long told us Drive Up is a game-changer, adding convenience to their daily life, especially when they’re …

Westchester, Ill. — Follett Higher Education, North America’s largest campus retailer, and The Container Store (TCS), the leading specialty retailer of organizing solutions, custom spaces and in-home services, has launched pop-up shops across 36 Follett college campus bookstores. As part of the partnership, campus stores will carry select products from The Container Store, providing more on-campus solutions to support students’ academic and living needs. “Our innovative partnership with The Container Store helps us expand on our mission to inspire, enable and celebrate the academic journey by ensuring students have the …