Coach parent Tapestry pulls $8.5 billion bid for Capri

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 regulators.
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.
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock
Tapestry is terminating its $8.5 billion deal to buy Michael Kors-owner Capri following a legal hurdle, the companies said on Thursday, ending their effort to create a U.S. luxury giant to compete with major European players.
Tapestry And Capri Call Off $8.5B Deal Amid Legal Hurdles
Tapestry, Inc. (NYSE:TPR) shares are trading higher premarket on Thursday after the company disclosed that it has reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate their merger agreement.
Capri Holdings, Tapestry agree to end $8.5B merger deal
Capri Holdings (CPRI) and Tapestry, Inc. (TPR) have terminated their $8.5B merger deal due to regulatory challenges.
Coach parent Tapestry terminates $8.5 billion deal for Capri
Tapestry said on Thursday it was terminating its $8.5 billion deal for Michael Kors owner Capri after the deal was blocked by a U.S. judge. Shares of Tapestry were up 5% in premarket trading, while those of Capri were down 3%.
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, ...
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 ...
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 ...
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
The parent companies behind Coach and Michael Kors saw their proposed merger blocked by the Federal Trade Commission.
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Capri terminates Tapestry merger citing regulatory hurdles
Had the merger proceeded, it would've united Tapestry's Coach, Kate Spade and Stuart Weitzman brands with Capri's Versace, Jimmy Choo and Michael Kors. The leaders of the two companies outlined ...
Michael Kors Owner Capri Sees Business Fall Further as Revenues Drop 16.4%
CEO John Idol described the results as disappointing and pinned them on the “softening demand globally for fashion luxury ...
Capri sales drop 16% as Versace and Michael Kors hit by weak demand for luxury goods
Capri (CPRI) reports worse-than-expected FQ2 results as losses in Versace and Michael Kors weigh on results. Read more here.
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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 ...