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Coach Parent Tapestry Stock Soars, Capri Falls

Hosted on MSN · 22h

Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock

(Reuters) -Tapestry said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri after a legal hurdle last month, ending their effort to create a U.S. luxury giant to compete with major European players.

Investopedia on MSN · 19h

Coach Parent Tapestry Stock Soars, Capri Falls as Brands Call Off Merger

Shares of Coach and Kate Spade parent Tapestry jumped Thursday morning while those of Michael Kors and Versace owner Capri Holdings fell after they called off their planned merger over ongoing legal challenges.

UPI News on MSN · 21h

Capri and Tapestry end their $8.5 billion merger after FTC blocked it

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 Federal Trade Commission.

21hon MSN

Maker of Coach handbags calls off merger with company that produces Michael Kors accessories

Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to ...

16h

Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger

Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, ...

7d

Heard on the Street: Coach Owner’s Next Best Acquisition Plan—Its Own Shares

Coach owner Tapestry might just have to say “thank you, next” to Michael Kors owner Capri. Instead, it has found something ...

NBC Washington1d

Capri and Tapestry abandon plans to merge, citing regulatory hurdles

Tapestry and Capri have mutually agreed to call of their merger. The parent companies behind Coach and Michael Kors saw ...

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