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Capri, Tapestry Scrap Merger
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 terminating its $8.5 billion merger agreement with its smaller rival.
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,
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.
Fox Business
6h
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 ...
3h
Capri says open to talks with companies interested in assets
CEO says the company is well positioned to move ahead as an independent public company after Capri and Tapestry (TPR) ...
5h
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 ...
20h
‘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 ...
autoevolution
5h
Ford Shot Itself in the Foot With Capri and Explorer EV Based on Volkswagen's MEB Platform
Ford's plan to go all-electric in Europe by switching to EVs built on Volkswagen's MEB architecture didn't pan out, and there ...
Retail Dive
2d
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 ...
DPA International on MSN
1d
Carmakers hope retro electrics can help revive flagging sales
Now is not a good time to own an electric car dealership. Regulatory uncertainty is confusing customers in many countries, ...
AutoExpress
1d
Ford Capri - Electric motors, performance & drive
In using VW’s latest powertrain elements, the Capri has adopted some exceptionally smooth powertrains, just don’t go thinking ...
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Tapestry
Michael Kors
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