michael kors tapestry news

Capri, Tapestry Scrap Merger

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.

UPI News on MSN · 8h

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.

Hypebeast · 1h

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.

5hon MSN

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 ...

36m

Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock

Tapestry terminates its acquisition of Capri, owner of Michael Kors, due to legal challenges, boosting shares and unveiling a ...

Hosted on MSN5h

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 ...

Morningstar8h

Tapestry's stock pops and Capri falls as fashion giants scrap merger deal

"Building on our successful first quarter, we will move with speed and boldness to accelerate growth for our organic business," said Joanne Crevoiserat, Tapestry chief executive, in prepared remarks ...

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