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 ...
Capri and Tapestry end their $8.5 billion merger after FTC blocked it
13 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 ...
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 · 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 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 ...
Capri must. now fix its business without Tapestry's help - Fortune
8 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 ...
Coach parent Tapestry ends $8.5 billion deal for Capri - RTÉ
1 day ago · Tapestry said it does not expect any acquisitions in the near term and has agreed to reimburse Capri's expenses of about $45m, incurred in connection with the merger. Tapestry is terminating its ...
Tapestry Capri merger: Deal blocked between Coach, Michael …
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 ...
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...