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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.
Capri, Tapestry Scrap Merger After FTC Wins Blocking Order
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.Tapestry,
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.
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 ...
2h
on MSN
Coming undone: Balance restored in luxury category as Tapestry and Capri call off merger
To the surprise of no one, Tapestry ( NYSE: TPR) has walked away from a potential merger with its struggling competitor Capri ...
16h
‘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 ...
NBC Washington
19h
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 ...
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 ...
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 ...
DPA International on MSN
1d
Carmakers hope retro electrics can help revive flagging sales
Now is not a good time to own an electric car dealership. Regulatory uncertainty is confusing customers in many countries, ...
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Tapestry
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