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Coach Parent Tapestry Stock Soars, Capri Falls

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 hurdle last month, ending their effort to create a U.S. luxury giant to compete with major European players.

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.

Investopedia on MSN · 1d

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 Holdings fell after they called off their planned merger over ongoing legal challenges.

ABC News1d

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 and ...

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, ...

1don MSN

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

Fashion company Tapestry on Thursday said it's terminating its proposed merger with Capri because the two luxury groups don't expect to overcome an antitrust challenge within an acceptable time frame.

Tapestry Ends Merger, Focuses on Growth and Buybacks

Tapestry ( (TPR) ) just unveiled an announcement. Tapestry, Inc. announced the termination of its merger agreement with Capri Holdings Limited, ...

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