Capri Holding’s$6.4 Million Acquisition of 30% Stake in Deserto

CDA Abogados advised Capri Holdings Limited on the transaction.
BRAB Abogados advised Deserto

Global fashion luxury group Capri Holdings executed a 130 million Mexican pesos acquisition of 30% stake in Desserto, a highly sustainable plant-based vegan leather company.

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. It was founded in 1981 by American designer Michael Kors. The global fashion luxury group consists of iconic brands that are industry leaders in design, style, and craftsmanship. Their brands cover the full spectrum of fashion luxury categories including women’s and men’s accessories, footwear, and apparel as well as wearable technology, watches, jewelry, eyewear, and a full line of fragrance products.

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 Limited with Luis Cervantes and Florencia Franco.

BRAB Abogados avised Deserto with Santiago Brusco, Luis Barragán González Luna and Gabriel Gallo Arellano.

Involved fees earner: Luis Barragán González Luna – BRAB – Barragan, Brusco, Ruiz angel y Vargas ; Santiago Brusco – BRAB – Barragan, Brusco, Ruiz angel y Vargas ; Gabriel Gallo Arellano – BRAB – Barragan, Brusco, Ruiz angel y Vargas ; Luis Cervantes Castillo – CDG Abogados; Florencia Franco – CDG Abogados;

Law Firms: BRAB – Barragan, Brusco, Ruiz angel y Vargas ; CDG Abogados;

Clients: Adriano Di Marti; Capri Holdings (Michael Kors );

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Author: Ambrogio Visconti