Coach parent Tapestry pulls $8.5 billion bid for Capri

Coach Owner Tapestry Calls Off Capri Bid On Regulatory Blocks
Fashion group Tapestry said Thursday that it was dropping its $8.5 billion bid for Capri, the owner of luxury brands including Michael Kors and Versace, following a successful legal challenge by US regulators.
Capri, Tapestry Scrap Merger After FTC Wins Blocking Order
Capri Holdings Ltd and Tapestry Inc. scrapped their $8.5 billion plan to merge after a court order froze the proposed combination of the US fashion companies due to antitrust regulators’ objections.Tapestry,
Coach Parent Tapestry Stock Soars, Capri Falls as Brands Call Off Merger
Shares of Coach and Kate Spade parent Tapestry jumped Thursday morning while those of Michael Kors and Versace owner Capri Holdings fell after they called off their planned merger over ongoing legal challenges.
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.
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.
The Tapestry-Capri deal is officially off
Tapestry announced the termination of the merger, leaving question marks about how both companies will fill the void.
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock
Tapestry is terminating its $8.5 billion deal to buy Michael Kors owner Capri following a legal hurdle, the companies said on Thursday, ending their effort to create a U.S. luxury giant to compete with major European players.
Tapestry’s stock pops and Capri falls 6% as fashion giants scrap merger deal
Tapestry Inc.’ stock jumped 6.8% early Thursday, while Capri Holdings Inc.’s stock fell about 4%, after Tapestry said it’s ...
The New York Times3h
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, ...
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 ...
‘It is a scam’: Woman issues warning after buying Aldi’s ‘knockoff’ Capri-Suns. Here’s why
Capri-Sun is a childhood staple that brings back memories of trading snacks at lunch and cooling down at pool parties. It’s ...
Benzinga.com10h
Ford Cuts Capri, Explorer EV Output Due To 'Significantly Lower Than Expected Demand' After Pausing F-150 Lightning Production
Ford Motor Co F is reportedly slowing production of the electric Capri and Explorer at the company’s Cologne factory in ...
Fox Business1h
Capri terminates Tapestry merger citing regulatory hurdles
The luxury fashion brand merger between Capri and Tapestry is officially off, as the two companies announced Thursday that they will abandon the merger because they were unlikely to gain regulatory ...
Retail Dive2d
Capri revenue falls sharply as hopes of a Tapestry merger dim
Capri Holdings revenue decreased 16.4% to $1.08 billion for the second quarter of fiscal 2025, according to a Thursday ...
Capri posts bigger-than-expected drop in quarterly revenue on tepid demand
(Reuters) -Versace-parent Capri Holdings posted a bigger-than-expected drop in quarterly revenue on Thursday, hurt by ...