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Capri, Tapestry Scrap Merger

The Washington Post on MSN · 15h

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.

The New York Times · 16h

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.

Hypebeast · 10h

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.

13h

Tapestry's $8.5B Merger Collapses--But Shareholders Are About to Cash In Big

Antitrust regulators killed the deal, but Tapestry's pivot to buybacks and organic growth is stealing the spotlight ...

18hon MSN

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

(Reuters) -Tapestry said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri after a legal ...

NBC Washington1d

Capri and Tapestry abandon plans to merge, citing regulatory hurdles

The $8.5 billion acquisition, originally announced in August 2023, would have married America's two largest luxury houses and ...

8h

Tapestry Is Buying Back Bonds Issued to Fund Capri Purchase

Tapestry Inc. is planning to buy back $6.1 billion of bonds it sold to fund its now blocked purchase of Capri Holdings, after ...

9h

Tapestry added to Analyst Focus List at JPMorgan

JPMorgan analyst Matthew Boss added Tapestry (TPR) to the firm’s Analyst Focus List as a value pick after the company reached an ...

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