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Capri, Tapestry Scrap Merger

The New York Times · 23h

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.

Hosted on MSN · 1d

Tapestry and Capri Terminate $8.5B Merger Agreement

Now Capri is pressing forward with a revamp that will include store closures and a marketing push for its Michael Kors brand.

GlobalData on MSN · 8h

Tapestry and Capri mutually agree to terminate $8.5bn merger

This decision to abandon the merger plans comes after a US district judge Jennifer Rochon stalled the prospective $8.5bn deal last month. The merger, initially announced in August

33m

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 ...

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 and ...

1d

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 ...

Hosted on MSN1d

Coming undone: Balance restored in luxury category as Tapestry and Capri call off merger

To the surprise of no one, Tapestry (NYSE:TPR) has walked away from a potential merger with its struggling competitor Capri ...

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