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Capri, Tapestry Scrap Merger

Tapestry Made The Right Decision To Go It Alone Without Capri Dragging It Down

Tapestry dodged a bullet by canceling its acquisition of Capri Holdings. It is freed from taking on the many problems at Capri just as the global luxury market declines.

Fortune on MSN · 1d

Here’s what comes next for Tapestry and Capri after the death of their major fashion merger

What would have been the biggest fashion industry merger since the mid-2000s died today after two major luxury brands confirmed that their $8.5 billion deal is off. When it was announced last year, the acquisition of Capri by Tapestry was touted as a way to bring several famous brands under the same roof.

The New York Times · 1d

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.

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.

Investopedia on MSN · 22h

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.

Reuters on MSN · 1d

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.

5h

Tapestry Poised For Solid Growth After Capri Merger Termination, Analysts Cite Struggles And Missteps At Capri

Tapestry ended its merger with Capri Holdings, but analysts remain upbeat on Tapestry's growth while downgrading Capri's ...

Maker of Coach handbags calls off merger with company that produces Michael Kors accessories

The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo ...

1don MSN

Coach parent Tapestry terminates $8.5 billion deal for Capri

Tapestry said on Thursday it was ending its $8.5 billion bid for Michael Kors owner Capri after the deal was blocked by a U.S ...

GlobalData on MSN10h

Capri outlines return to growth plan as Tapestry merger falls apart

Luxury fashion parent company of Coach and Kate Spade, Tapestry and global fashion luxury group Capri Holdings have mutually ...

Hosted on MSN13h

Tapestry halts Capri merger efforts, shares pop

Capri Holdings Ltd (NYSE:CPRI) and Coach owner Tapestry (NYSE:TPR) canceled their merger on Thursday after the Federal ...

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