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 ...
Fashion houses Tapestry and Capri end merger plan as FTC gets a …
15 hours ago · Tapestry will repurchase $6.1 billion of bonds it sold to finance the Capri acquisition. Shares of Tapestry, which also announced an additional $2 billion stock buyback, rose more than 11 percent ...
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
20 hours ago · Nov 14 (Reuters) - Tapestry (TPR.N), opens new tab said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri (CPRI.N), opens new tab after a legal hurdle last month ...
Capri and Tapestry end their $8.5 billion merger after FTC ... - UPI
17 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
19 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 and Capri Terminate $8.5B Merger Agreement - WWD
1 day ago · Investors took heart and traded shares of Capri up 4.4 percent to $20.52 — a far cry from the $57 Tapestry agreed to pay for the company in what turns out to have been much better times.
Maker of Coach handbags calls off merger with company that …
17 hours ago · The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. ... The combined Tapestry and Capri would have employed ...
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...
US court blocks Tapestry's $8.5 billion acquisition of rival Capri
NEW YORK, Oct 24 (Reuters) - A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry (TPR.N) and Capri (CPRI.N) on Thursday, a victory for the...
US anti-trust trial in Tapestry bid for Capri ends, judge's decision ...
Oct 1, 2024 · The U.S. anti-trust trial over the $8.5 billion bid by luxury goods maker Tapestry to buy Capri concluded on Monday, with Tapestry lawyers citing an "intensely competitive" handbag market in...