Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
16 hours ago · 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 their effort to ...
Maker of Coach handbags calls off merger with company that …
14 hours ago · The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo and Michael Kors shoes, handbags and accessories, with Tapestry, which produces the same products under the Coach, Kate Spade New York, and Stuart Weitzman brands. But the deal has faced numerous obstacles.
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
13 hours ago · 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 ...
Tapestry and Capri Terminate $8.5B Merger Agreement - WWD
1 day ago · Capri’s revenues fell 14.8 percent to $2.1 billion in the first half, with Michael Kors down 15.2 percent to $1.4 billion and Versace down 22.1 percent to $420 million.
Capri must. now fix its business without Tapestry's help - Fortune
9 hours ago · Now Michael Kors' owner Capri has to figure out how to survive without the Tapestry deal. ... and fell further on the news that the acquisition fell through. Tapestry, meanwhile, saw a 9% stock ...
Capri and Tapestry end their $8.5 billion merger after FTC blocked it
14 hours ago · 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 ...
Fashion houses Tapestry and Capri end merger plan as FTC gets a …
12 hours ago · Capri Holdings CEO John D. Idol said in a news release Thursday that the termination of the merger allows the company to focus “on the future.” “Looking ahead, I remain confident in Capri ...
Michael Kors owner Capri’s shares crater after $8.5bn merger …
Oct 25, 2024 · Shares of Capri, the owner of fashion brands including Michael Kors, nearly halved on Friday after a US judge blocked its proposed $8.5bn deal with Tapestry, in a big win for antitrust...
Tapestry Capri merger: Deal blocked between Coach, Michael Kors …
Oct 24, 2024 · A federal court judge has blocked the proposed merger between Tapestry-owned Coach and Capri parent Michael Kors. The reasoning behind the judge’s order wasn’t immediately clear but the FTC had...
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...
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