Maker of Coach Handbags Calls off Merger With Company That …
16 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 ...
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
19 hours 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 ...
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
16 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 …
17 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.
Capri must. now fix its business without Tapestry's help | Fortune
11 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 ...
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.
Fashion houses Tapestry and Capri end merger plan as FTC gets a …
15 hours ago · The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle. ... The news is a win for the Federal Trade Commission, which sued to ...
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...
Coach owner's Michael Kors deal creates US giant to take on …
Aug 10 (Reuters) - Coach parent Tapestry (TPR.N) will buy Michael Kors owner Capri Holdings (CPRI.N) in a deal valued at $8.5 billion, creating a U.S. fashion powerhouse to challenge larger...
Coach Owner to Buy Parent of Versace and Michael Kors in …
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...