Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
17 hours ago · Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock. By Reuters. November 14, 2024 12:49 PM UTC Updated ago ... Reuters, the news and media division of Thomson Reuters, is ...
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
14 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 ...
Maker of Coach handbags calls off merger with company that …
15 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.
Fashion houses Tapestry and Capri end merger plan as FTC gets a …
13 hours ago · Tapestry owns Coach, Kate Spade and Stuart Weitzman. Capri’s brands include Versace, Jimmy Choo and Michael Kors. The news is a win for the Federal Trade Commission, which sued to block the deal ...
Capri and Tapestry end their $8.5 billion merger after FTC ... - UPI
15 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 ...
Capri and Tapestry End Merger Plan After FTC Wins Blocking Order
17 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 must. now fix its business without Tapestry's help | Fortune
10 hours ago · Tapestry and Capri each had their reasons for wanting to join forces. For Tapestry, which gets 76% of its revenue from Coach, a mature brand, the goal of the merger was to find new sources of growth.
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 ...
Tapestry and Capri Announce a Luxury Mega Merger - The New York Times
Aug 10, 2023 · Tapestry, the fashion company that owns Coach and Kate Spade, said on Thursday that it had acquired Capri Holdings, the parent of Versace and Michael Kors, for about $8.5 billion in cash, as...
Coach owner Tapestry to acquire Capri Holdings in $8.5 billion deal
Aug 10, 2023 · Tapestry, the fashion conglomerate behind Coach and Kate Spade, will acquire competitor Capri Holdings in a $8.5 billion deal announced Thursday. The transaction will create an American fashion...
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