capri michael kors news - Search News

Capri, Tapestry Scrap Merger

Hypebeast · 4h

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.

UPI News on MSN · 11h

Capri and Tapestry end their $8.5 billion merger after FTC blocked it

Fashion companies Capri Holdings Limited and Tapestry -- parent companies behind the Coach and Michael Kors brands -- ended their $8.5 billion merger deal Thursday. The deal was blocked by the Federal Trade Commission.

YAHOO!Finance · 36m

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.

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 ...

Capri revenue falls sharply as hopes of a Tapestry merger dim

Revenue at Michael Kors, the company’s biggest brand, dropped 16% year over year. Revenue at the brand dropped by double ...

Crain's New York1d

Michael Kors lands a half-price deal for its Plaza District store

at an 80% discount to the pre-pandemic rate for the area. Like many luxury brands, Michael Kors is having a challenging ...

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