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Capri and Tapestry End Merger Plan
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,
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.
The New York Times
2h
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, ...
Fox Business
1h
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
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 ...
15h
‘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 ...
8h
Ford slashes production of its two newest EVs the Capri and Explorer SUV due to low demand
Ford has already reduced production of its two brand new EVs, the Explorer and the Capri, due to low demand. Production at ...
6d
on MSN
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 ...
6d
on MSN
Capri sales drop 16% as Versace and Michael Kors hit by weak demand for luxury goods
Led by a sizeable drop in sales for both Versace and Michael Kors, Capri (NYSE:CPRI) reported worse-than-expected results for ...
DPA International on MSN
23h
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, ...
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Tapestry
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