Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
1 day ago · Tapestry Inc. Follow. Nov 14 (Reuters) - Tapestry (TPR.N) said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri (CPRI.N) after a legal hurdle last month, ending ...
Here’s what comes next for Tapestry and Capri after the death of …
19 hours ago · Tapestry owns Coach, Kate Spade, and Stuart Weitzman, while Capri owns Michael Kors, Versace and Jimmy Choo. The hope was to create an American mini-version of French luxury conglomerate LVMH ...
Maker of Coach handbags calls off merger with company that …
1 day ago · The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo and Michael Kors shoes, handbags and accessories, with Tapestry, which produces the same products under the Coach, Kate Spade New York, and Stuart Weitzman brands. But the deal has faced numerous obstacles.
Tapestry and Capri Terminate $8.5B Merger Agreement - WWD
1 day ago · Capri’s revenues fell 14.8 percent to $2.1 billion in the first half, with Michael Kors down 15.2 percent to $1.4 billion and Versace down 22.1 percent to $420 million.
Capri must. now fix its business without Tapestry's help | Fortune
18 hours ago · Now Michael Kors' owner Capri has to figure out how to survive without the Tapestry deal. ... and fell further on the news that the acquisition fell through. Tapestry, meanwhile, saw a 9% stock ...
Capri and Tapestry end their $8.5 billion merger after FTC blocked it
1 day ago · Fashion companies Tapestry and Capris -- parent companies behind the Coach and Michael Kors brands, respectively -- said Thursday they are ending their $8.5 billion merger. It was blocked by an ...
Tapestry Capri merger: Deal blocked between Coach, Michael Kors …
Oct 24, 2024 · A federal court judge has blocked the proposed merger between Tapestry-owned Coach and Capri parent Michael Kors. The reasoning behind the judge’s order wasn’t immediately clear but the FTC...
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...
Three key questions that will shape whether Coach and Michael Kors ...
Sep 12, 2024 · Tapestry and Capri, the owners of Coach and Michael Kors, respectively, are in court this week over a federal antitrust challenge of their planned merger.
Fashion houses Tapestry and Capri end merger plan as FTC gets a …
22 hours ago · The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle. 2 min Tapestry owns Coach and other fashion brands.
- Some results have been removed