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Capri, Tapestry Scrap Merger

The New York Times · 18h

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.

The Washington Post on MSN · 20h

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.

Hypebeast · 15h

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 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 ...

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 ...

SchaeffersResearch.com15h

Tapestry Stock Could Extend Rally to 11-Years Highs

Tapestry (TPR) stock is surging amid rival Capri Holding's (CPRI) breakdown, and also flashing a historically bullish signal ...

14h

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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