Tapestry and Capri mutually agree to terminate $8.5bn merger
3 hours ago · CPRI. TPR. Tapestry, a US conglomerate of luxury fashion brands, has officially terminated its merger agreement with Capri Holdings, owner of Versace, Jimmy Choo and Michael Kors. This decision to ...
Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
22 hours ago · Nov. 14, 2024, 10:09 a.m. ET. An attempt to assemble an “accessible luxury” powerhouse in the United States has unraveled. Tapestry, the owner of Coach and Kate Spade, and Capri Holdings, the ...
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
1 day 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 ...
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.
Capri and Tapestry End Merger Plan After FTC Wins Blocking Order
1 day 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 Call Off $8.5B Deal Amid Legal Hurdles
1 day ago · Dividend: Tapestry plans to maintain its annual dividend of $1.40 per share and aims to grow dividends in line with earnings, targeting a payout ratio of 35% to 40%.. FY25 Outlook Reaffirmed ...
Fashion houses Tapestry and Capri end merger plan as FTC gets a …
21 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 ...
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...
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