Capri and Tapestry end their $8.5 billion merger

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.
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.
Tapestry And Capri Call Off $8.5B Deal Amid Legal Hurdles
Tapestry, Inc. (NYSE:TPR) shares are trading higher premarket on Thursday after the company disclosed that it has reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate their merger agreement.
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.
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 ...
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 ...
Coach Parent Tapestry Stock Soars, Capri Falls as Brands Call Off Merger
Shares of Coach and Kate Spade parent Tapestry jumped Thursday morning while those of Michael Kors and Versace owner Capri ...
Coach Owner Tapestry Calls Off Capri Bid On Regulatory Blocks
Fashion group Tapestry said Thursday that it was dropping its $8.5 billion bid for Capri, the owner of luxury brands ...
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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 and Capri Scrap Merger Plans. The Stocks Are Headed in Different Directions.
Tapestry and Capri Holdings scrapped their merger plans a few weeks after the Federal Trade Commission sued to block the deal ...
Tapestry Poised For Solid Growth After Capri Merger Termination, Analysts Cite Struggles And Missteps At Capri
Tapestry ended its merger with Capri Holdings, but analysts remain upbeat on Tapestry's growth while downgrading Capri's ...
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to ...