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Capri, Tapestry Scrap Merger

The New York Times · 1d

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.

UPI News on MSN · 1d

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.

Hosted on MSN · 1d

Tapestry and Capri Terminate $8.5B Merger Agreement

Now Capri is pressing forward with a revamp that will include store closures and a marketing push for its Michael Kors brand.

3h

Tapestry Made The Right Decision To Go It Alone Without Capri Dragging It Down

Tapestry dodged a bullet by canceling its acquisition of Capri Holdings. It is freed from taking on the many problems at ...

Maker of Coach handbags calls off merger with company that produces Michael Kors accessories

The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo ...

1don MSN

Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock

(Reuters) -Tapestry said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri after a legal ...

1h

Hold Rating Maintained for Capri Holdings Amidst Challenges in Luxury Goods Segment and Strategic Initiatives

In a report released today, Ike Boruchow from Wells Fargo maintained a Hold rating on Capri Holdings (CPRI – Research Report), with a ...

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