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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.
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.
Coach Parent Tapestry Stock Soars, Capri Falls as Brands Call Off Merger
Key Takeaways The stocks of Tapestry and Capri Holdings moved in opposite directions Thursday after the brands called off a planned merger.Tapestry, which owns Coach and Kate Spade, said it will shift its capital to an expanded stock buyback program.
The New York Times
1h
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, ...
NBC Washington
16h
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Tapestry
and Capri have mutually agreed to call of their merger. The parent companies behind Coach and Michael Kors saw ...
2h
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 ...
2h
Tapestry Is Buying Back Its 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 ...
2h
on MSN
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to ...
Bloomberg on MSN
6d
Tapestry Boosts Outlook on Stronger Coach Brand Sales
Tapestry Inc. raised its guidance for the year on better-than-expected revenue at its Coach brand, while Capri Holdings Ltd. ...
newsbytesapp.com
2d
The cultural tapestry: Folktales in Indian and Japanese societies
Despite the vast geographical divide, Indian and Japanese folktales exhibit striking thematic parallels rooted in moral ...
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