Capri, Tapestry Scrap Merger

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.
Fashion houses Tapestry and Capri end merger plan as FTC gets a luxury win
The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle.
Tapestry And Capri Call Off $8.5B Deal Amid Legal Hurdles
Tapestry, Inc. (NYSE:TPR) shares are trading higher premarket on Thursday after the company disclosed that it has reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate their merger agreement.
Capri Holdings, Tapestry agree to end $8.5B merger deal
Capri Holdings (CPRI) and Tapestry, Inc. (TPR) have terminated their $8.5B merger deal due to regulatory challenges.
Luxury Retailers Capri And Tapestry Abandon $8.5 Billion Merger Plan
Luxury retailers Capri Holdings (CPRI) and Tapestry (TPR) have called off their planned $8.5 billion U.S. merger. The deal has been scuttled after the Federal Trade Commission (FTC) successfully sued to block the deal,
Capri and Tapestry End Merger Plan After FTC Wins Blocking Order
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.
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 ...
The New York Times1h
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 ...
NBC Washington16h
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 ...
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 ...
Michael Kors Owner Capri Sees Business Fall Further as Revenues Drop 16.4%
CEO John Idol described the results as disappointing and pinned them on the “softening demand globally for fashion luxury ...
Crain's New York1d
Michael Kors lands a half-price deal for its Plaza District store
at an 80% discount to the pre-pandemic rate for the area. Like many luxury brands, Michael Kors is having a challenging ...
Retail Dive2d
Capri revenue falls sharply as hopes of a Tapestry merger dim
Revenue at Michael Kors, the company’s biggest brand, dropped 16% year over year. Revenue at the brand dropped by double ...
Why Capri Holdings Stock Was Falling Today
The merger was blocked after a district court agreed with the Federal Trade Commission that the deal would significantly ...