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Capri, Tapestry Scrap Merger
Tapestry’s stock pops and Capri falls 6% as fashion giants scrap merger deal
Tapestry Inc.’ stock jumped 6.8% early Thursday, while Capri Holdings Inc.’s stock fell about 4%, after Tapestry said it’s terminating its $8.5 billion merger agreement with its smaller rival.
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.
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock
Tapestry is terminating its $8.5 billion deal to buy Michael Kors-owner Capri following a legal hurdle, the companies said on Thursday, ending their effort to create a U.S. luxury giant to compete with major European players.
5h
on MSN
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 ...
1h
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 ...
1h
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 ...
17h
‘It is a scam’: Woman issues warning after buying Aldi’s ‘knockoff’ Capri-Suns. Here’s why
Capri-Sun is a childhood staple that brings back memories of trading snacks at lunch and cooling down at pool parties. It’s ...
autoevolution
2h
Ford Shot Itself in the Foot With Capri and Explorer EV Based on Volkswagen's MEB Platform
Ford's plan to go all-electric in Europe by switching to EVs built on Volkswagen's MEB architecture didn't pan out, and there ...
NBC Los Angeles
8h
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
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6d
on MSN
Capri posts bigger-than-expected drop in quarterly revenue on tepid demand
(Reuters) -Versace-parent Capri Holdings posted a bigger-than-expected drop in quarterly revenue on Thursday, hurt by ...
6d
on MSN
Capri sales drop 16% as Versace and Michael Kors hit by weak demand for luxury goods
Led by a sizeable drop in sales for both Versace and Michael Kors, Capri (NYSE:CPRI) reported worse-than-expected results for ...
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Tapestry
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