Capri and Tapestry end their $8.5 billion merger

Here’s what comes next for Tapestry and Capri after the death of their major fashion merger
What would have been the biggest fashion industry merger since the mid-2000s died today after two major luxury brands confirmed that their $8.5 billion deal is off. When it was announced last year, the acquisition of Capri by Tapestry was touted as a way to bring several famous brands under the same roof.
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.
Capri, Tapestry Pull Plug on Merger Amid Regulatory Uncertainty
Capri Holdings and Tapestry have mutually agreed to give up their plans for a merger in light of regulatory pushback.
Capri Holdings Announces Termination of Merger With Tapestry
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced the mutual termination of its definitive merger agreement with Tapestry, Inc. Capri and Tapestry mutually agreed that terminating the merger agreement was in the best interests of both companies as the required closing condition of receiving necessary U.
Tapestry CEO on abandoned merger with Capri Holdings
Joanne Crevoiserat, Tapestry CEO, joins 'Squawk on the Street' to discuss the company's abandoned merger with Capri, if it's secretly a blessing in disguise, and much more.
Tapestry Confirms End of Merger Deal With Capri Holdings
Tapestry, Inc. TPR, the parent company of Coach, Kate Spade and Stuart Weitzman, announced today that it has mutually agreed with Capri Holdings Limited to end its planned $8.5 billion merger. Following the announcement,
Tapestry and Capri mutually agree to terminate $8.5bn merger
This decision to abandon the merger plans comes after a US district judge Jennifer Rochon stalled the prospective $8.5bn deal last month. The merger, initially announced in August
Tapestry, Capri Terminate $8.5 Billion Merger Agreement Amid Regulatory Hurdles
Tapestry (TPR) terminated its proposed acquisition of Michael Kors and Versace parent Capri (CPRI) due to uncertainty regarding regulatory approvals, the companies said in separate Thursday statements.
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Capri outlines return to growth plan as Tapestry merger falls apart
Luxury fashion parent company of Coach and Kate Spade, Tapestry and global fashion luxury group Capri Holdings have mutually ...
Tapestry Made The Right Decision To Go It Alone Without Capri Dragging It Down
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Coach owner Tapestry calls off Capri bid on regulatory blocks
The deal was seen as an attempt to form a new global fashion giant to compete with European powerhouses. But the Federal ...
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 ...
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Capri's Sales, Income Slump in Fiscal Q2
The company offered no guidance due to the uncertainty regarding its potential merger with Tapestry. Capri Holdings is a ...
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Capri Holdings and Tapestry Terminate Merger Agreement
Capri Holdings Limited has reported the mutual termination ... was unlikely to be met by the merger agreement’s outside ...
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock
Tapestry terminates its acquisition of Capri, owner of Michael Kors, due to legal challenges, boosting shares and unveiling a ...
Why Capri Holdings Stock Was Falling Today
The merger was blocked after a district court agreed with the Federal Trade Commission that the deal would significantly ...