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Capri, Tapestry Scrap Merger

MarketWatch on MSN · 7h

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.

The Washington Post on MSN · 5h

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.

The New York Times · 7h

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.

9m

The Owner of Coach Abandons Its $8.5 Billion Bid to Take Over Versace’s Parent Company

Tapestry and Capri Holdings have called off their $8.5 billion merger. Tapestry owns brands like Coach and Kate Spade, while ...

4hon MSN

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 ...

Yahoo Finance6h

Tapestry Is Buying Back Bonds Issued to Fund Capri Purchase

(Bloomberg) -- Tapestry Inc. is planning to buy back $6.1 billion of bonds it sold to fund its now blocked purchase of ...

Capri Holdings and Tapestry Terminate Merger Agreement

Capri Holdings Limited has reported the mutual termination of its definitive merger agreement with Tapestry, Inc.

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