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, after the Federal Trade Commission successfully sued to stop the transaction.
Fashion houses Tapestry and Capri end merger plan as FTC gets a luxury win
The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle.
Tapestry and Capri Terminate $8.5 Billion USD Merger
After the US Federal Trade Commission halted the sale, stating that it would eliminate direct competition in the mid-tier handbag market.
Capri terminates Tapestry merger citing regulatory hurdles
The proposed merger that would've combined six luxury brands owned by Capri and Tapestry was abandoned by the companies due to regulatory challenges posed by an FTC lawsuit.
Tapestry, Inc. Announces Termination of Merger Agreement With Capri Holdings Limited
Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agreement with Capri Holdings Limited (NYSE: CPRI) to terminate the merger agreement between the parties.
Capri, Tapestry Scrap Merger After FTC Blocked Deal
Capri Holdings Ltd and Tapestry Inc. scrapped their $8.5 billion plan to merge after a court order froze the proposed combination of the US fashion companies due to antitrust regulators’ objections.
Capri Holdings announces termination of merger with Tapestry
Capri Holdings (CPRI) announced the mutual termination of its definitive merger agreement with Tapestry (TPR). Capri and Tapestry mutually
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.
Kate Spade Just Opened Up Shop at Amazon, and We Picked Out the Best Gifts for the Holiday Season
Kate Spade bags, shoes, and jewelry are now available in this Amazon storefront. Amazon Prime members can shop the brand’s ...
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Tapestry and Capri Terminate $8.5B Merger Agreement
The two companies agreed to terminate their merger agreement, which would have given the Michael Kors parent Capri an ...
The Owner of Coach Abandons Its $8.5 Billion Bid to Take Over Versace’s Parent Company
Tapestry, which owns Coach and Kate Spade, and Capri Holdings, which oversees Versace and Michael Kors, have called off their ...
The best Kate Spade bags to complete your wardrobe
There are several types of Kate Spade bags, including shoulder bags, totes, satchels, crossbodies, clutches and backpacks.
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 ...
S&P 500 Gains and Losses Today: Government Contractors Lose Ground, Tapestry Rises
The S&P 500 slipped 0.6% on Thursday, Nov. 14, 2024, as hotter-than-expected wholesale inflation data clouded the outlook on ...
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Tapestry Stock Jumps On Q3 Earnings Beat, Strong Sales, Raised Guidance
Tapestry reports adjusted earnings per share of $1.02, beating the consensus estimate of 95 cents. The Coach and Kate ...
Tapestry’s stock climbs on sales and earnings beat, raised outlook
Shares of Tapestry Inc. TPR climbed 5.5% in premarket trades after the fashion brand company reported better-than-expected ...
Coach Owner Tapestry Calls Off Capri Bid On Regulatory Blocks
Fashion group Tapestry said Thursday that it was dropping its $8.5 billion bid for Capri, the owner of luxury brands including Michael Kors and Versace, following a successful legal challenge by US ...