Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger
6 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 ...
Capri must. now fix its business without Tapestry's help - Fortune
2 hours ago · Capri’s shares are down almost 80% from a decade ago, and fell further on the news that the acquisition fell through. Tapestry, meanwhile, saw a 9% stock bump on Thursday, with investors and ...
Fashion houses Tapestry and Capri end merger plan as FTC gets a …
5 hours ago · Capri’s brands include Versace, Jimmy Choo and Michael Kors. The news is a win for the Federal Trade Commission, which sued to block the deal in April. Regulators argued the union would lead to ...
Capri and Tapestry end their $8.5 billion merger after FTC blocked it
7 hours ago · Nov. 14 (UPI) -- Fashion companies Capri Holdings Limited and Tapestry -- parent companies behind the Coach and Michael Kors brands, respectively -- ended their $8.5 billion merger agreement ...
Maker of Coach handbags calls off merger with company that …
7 hours 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.
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
10 hours ago · The deal would have brought six brands under one roof: Tapestry's Coach, Kate Spade and Stuart Weitzman; and Capri's Versace, Jimmy Choo and Michael Kors.
Capri Holdings Announces Termination of Merger With Tapestry
10 hours ago · Capri Holdings is a global fashion luxury group consisting of iconic, founder-led brands Versace, Jimmy Choo and Michael Kors. Our commitment to glamorous style and craftsmanship is at the heart ...
Capri and Tapestry End Merger Plan After FTC Wins Blocking Order
9 hours 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-Capri Fashion Merger Is Blocked by Judge - The New …
Oct 24, 2024 · A federal judge moved on Thursday to block a merger of the fashion companies that own the Coach, Kate Spade, Michael Kors and Versace brands, ruling that the tie-up would “substantially lessen ...
Tapestry and Capri Announce a Luxury Mega Merger - The New York Times
Aug 10, 2023 · Tapestry, the fashion company that owns Coach and Kate Spade, said on Thursday that it had acquired Capri Holdings, the parent of Versace and Michael Kors, for about $8.5 billion in cash, as...