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Capri, Tapestry Scrap Merger
Capri and Tapestry end their $8.5 billion merger after FTC blocked it
Fashion companies Capri Holdings Limited and Tapestry -- parent companies behind the Coach and Michael Kors brands -- ended their $8.5 billion merger deal Thursday. The deal was blocked by the Federal Trade Commission.
Fashion houses Tapestry and Capri end merger plan as FTC gets a luxury win
The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle.
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the transaction.
6h
The Owner of Coach Abandons Its $8.5 Billion Bid to Take Over Versace’s Parent Company
Tapestry and Capri Holdings have called off their $8.5 billion merger. Tapestry owns brands like Coach and Kate Spade, while ...
NBC Washington
1d
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Tapestry
and
Capri
have mutually agreed to call of their merger. The parent companies behind Coach and Michael Kors saw ...
3h
Why Tapestry (TPR) Stock Is Trading Up Today
Shares of luxury fashion conglomerate Tapestry (NYSE:TPR) jumped 13.2% in the afternoon session after the company announced ...
Retail Dive
3d
Capri revenue falls sharply as hopes of a Tapestry merger dim
So, management needs to own this ongoing failure to drive the sales line.” Saunders also said that the prospect of an ...
Business Insider
3d
J.P. Morgan Sticks to Their Hold Rating for Capri Holdings (CPRI)
Boss covers the Consumer Cyclical sector, focusing on stocks such as
Tapestry
, Dollar Tree, and Kohl’s. According to TipRanks, Boss has an average return of 0.8% and a 49.90% success rate on ...
3d
Tapestry sees flat quarter amid weak luxury market
Tapestry has reported a 0.4 per cent decline in sales for the first quarter, which an analyst considered as “not too shoddy” ...
The Motley Fool
6d
Capri's Sales, Income Slump in Fiscal Q2
Adjusted operating margin dropped to 3.0% from last year's 12.2%. The company offered no guidance due to the uncertainty ...
brandequity.economictimes.indiatimes
6d
Capri posts bigger-than-expected drop in quarterly revenue on tepid demand
Tapestry: Capri said Michael Kors' quarterly revenue, which contributed 68% to its total sales in 2024, declined 16%, ...
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