Fashion houses Tapestry and Capri end merger plan as FTC gets a …
10 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 ...
Capri and Tapestry end their $8.5 billion merger after FTC ... - UPI
12 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 ...
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
11 hours ago · Nov. 14, 2024, 10:09 a.m. ET. An attempt to assemble an “accessible luxury” powerhouse in the United States has unraveled. Tapestry, the owner of Coach and Kate Spade, and Capri Holdings, the ...
Capri must. now fix its business without Tapestry's help - Fortune
7 hours ago · Capri’s shares are down almost 80% from a decade ago, and fell further on the news that the acquisition fell through. Tapestry, meanwhile, saw a 9% stock bump on Thursday, with investors and ...
Capri, Tapestry Scrap Merger After FTC Blocked Deal - Yahoo …
11 hours ago · TPR. CPRI. (Bloomberg) -- 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 ...
Capri Holdings Announces Termination of Merger With Tapestry
15 hours 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 ...
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
14 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 ...
Tapestry and Capri Terminate $8.5B Merger Agreement - WWD
1 day ago · The two companies agreed to terminate their merger agreement, which would have given the Michael Kors parent Capri an enterprise value of $8.5 billion and put the company under the umbrella of ...
Capri and Tapestry End Merger Plan After FTC Wins Blocking Order
14 hours ago · 0:45. Capri Holdings Ltd and Tapestry Inc. have ended an $8.5 billion plan to merge after a US court order freezing the deal due to US antitrust regulators’ objections. The two companies said in ...
Capri, Tapestry Scrap Merger After FTC Blocked Deal (1)
14 hours ago · Deirdre Hipwell. 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 ...