Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC ...
1 day ago · Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock. By Reuters. November 14, 2024 12:49 PM UTC Updated ago ... Reuters, the news and media division of Thomson Reuters, is ...
Maker of Coach handbags calls off merger with company that …
1 day ago · The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo and Michael Kors shoes, handbags and accessories, with Tapestry, which produces the same products under the Coach, Kate Spade New York, and Stuart Weitzman brands. But the deal has faced numerous obstacles.
Here’s what comes next for Tapestry and Capri after the death of …
20 hours ago · Tapestry and Capri each had their reasons for wanting to join forces. For Tapestry, which gets 76% of its revenue from Coach, a mature brand, the goal of the merger was to find new sources of growth.
Capri and Tapestry End Merger Plan After FTC Wins Blocking Order
1 day ago · 0:45. Capri Holdings Ltd and Tapestry Inc. have ended an $8.5 billion plan to merge after a US court order freezing the deal due to US antitrust regulators’ objections. The two companies said in ...
Capri and Tapestry end their $8.5 billion merger after FTC ... - UPI
1 day ago · Fashion companies Tapestry and Capris -- parent companies behind the Coach and Michael Kors brands, respectively -- said Thursday they are ending their $8.5 billion merger. It was blocked by an ...
Tapestry and Capri Holdings Call Off Their $8.5 Billion Merger
1 day ago · Tapestry, which owns Coach and Kate Spade, and Capri Holdings, which oversees Versace and Michael Kors, have called off their planned merger, The New York Times reported on Thursday. The $8.5 ...
US court blocks handbag maker Tapestry’s $8.5 billion ... - CNN
Oct 24, 2024 · A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the US Federal Trade Commission in an industry where merger ...
Coach owner Tapestry to acquire Capri Holdings in $8.5 billion deal
Aug 10, 2023 · Tapestry, the fashion conglomerate behind Coach and Kate Spade, will acquire competitor Capri Holdings in a $8.5 billion deal announced Thursday. The transaction will create an American fashion...
Tapestry and Capri Announce a Luxury Mega Merger - The New York Times
Aug 10, 2023 · Tapestry, the fashion company that owns Coach and Kate Spade, said on Thursday that it had acquired Capri Holdings, the parent of Versace and Michael Kors, for about $8.5 billion in cash, as...
Judge blocks Coach owner Tapestry's proposed acquisition of …
Oct 24, 2024 · A federal court judge has blocked the proposed merger between Tapestry-owned Coach and Capri parent Michael Kors. The reasoning behind the judge’s order wasn’t immediately clear but the FTC had...