Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
15 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 ...
Maker of Coach handbags calls off merger with company that …
13 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
12 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 ...
Capri must. now fix its business without Tapestry's help | Fortune
8 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
13 hours ago · Fashion companies Tapestry and Capris -- parent companies behind the Coach and Michael Kors brands, respectively -- said Thursday they are ending their $8.5 billion merger. It was blocked by an ...
Tapestry and Capri Terminate $8.5B Merger Agreement - WWD
1 day ago · Tapestry and Capri Terminate $8.5B Merger Agreement. Now Capri is pressing forward with a revamp that will include store closures and a marketing push for its Michael Kors brand.
Fashion houses Tapestry and Capri end merger plan as FTC gets a …
11 hours ago · The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle. 2 min Tapestry owns Coach and other fashion brands.
Capri and Tapestry End Merger Plan After FTC Wins Blocking Order
15 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 ...
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...
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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