Capri Holdings Announces Termination of Merger With Tapestry
2 days ago · LONDON--(BUSINESS WIRE)-- 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.S. regulatory approvals was ...
Tapestry, Inc. Announces Termination of Merger Agreement With Capri …
1 day ago · NEW YORK, November 14, 2024--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an ...
Capri Holdings Announces Termination of Merger With Tapestry
1 day ago · LONDON-- (BUSINESS WIRE)--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 and Capri mutually agree to terminate $8.5bn merger
17 hours ago · CPRI. TPR. Tapestry, a US conglomerate of luxury fashion brands, has officially terminated its merger agreement with Capri Holdings, owner of Versace, Jimmy Choo and Michael Kors. This decision to ...
Tapestry, Inc. Announces Termination of Merger Agreement With Capri …
2 days ago · Capri and Tapestry mutually agreed that terminating the merger agreement at this time is in the best interest of both companies, as the outcome of the legal process is uncertain and unlikely to be ...
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
1 day ago · Tapestry Inc. Follow. Nov 14 (Reuters) - Tapestry (TPR.N) said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri (CPRI.N) after a legal hurdle last month, ending ...
Capri, Tapestry Scrap Merger After FTC Blocked Deal (1)
1 day ago · Capri Holdings Ltd and Tapestry Inc. scrapped their $8.5 billion plan to merge after a court order froze the proposed combination of the US fashion companies due to antitrust regulators’ objections.. Tapestry, owner of the Coach and Kate Spade brands, and Capri, whose biggest brand is Michael Kors, said they mutually decided to end the agreement as it was in the best interests of both companies.
US court blocks Tapestry's $8.5 billion acquisition of rival Capri
NEW YORK, Oct 24 (Reuters) - A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry (TPR.N) and Capri (CPRI.N) on Thursday, a victory for the...
US court blocks handbag maker Tapestry’s $8.5 billion ... - CNN
Oct 24, 2024 · A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the US Federal Trade Commission in an industry where merger...
FTC Moves to Block Tapestry’s Acquisition of Capri
Apr 22, 2024 · The Federal Trade Commission today sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand.