Capri Holdings’ $6.2 Million Acquisition of 30% stake in Desserto

CDA Abogados advised global fashion luxury group Capri Holdings on the deal

Capri Holdings Limited, a global fashion luxury group, executed its 130 million Mexican pesos acquisition of 30% stake in Desserto, a plant-based vegan leather manufacturer in Mexico.

Capri Holdings Limited (formerly Michael Kors Holdings Limited) is a multinational fashion holding company, with executive offices in London and operational offices in New York. Capri Holdings Limited is publicly listed on the New York Stock Exchange under the ticker CPRI.

Desserto is a highly sustainable plant-based vegan-leather made from cactus, often distinguished by its great softness to touch while offering great performance for a wide variety of applications and complying with the most rigorous quality and environmental standards.

CDA Abogados advised Capri Holdings with a team including Luis Cervantes Castillo (Picture), Alejandro Díaz Steta and Florencia Franco.

Involved fees earner: Luis Cervantes Castillo – CDG Abogados; Alejandro Díaz Steta – CDG Abogados; Florencia Franco – CDG Abogados;

Law Firms: CDG Abogados;

Clients: Michael Kors (Capri Holdings);

Avatar

Author: Ambrogio Visconti