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.
Here’s what comes next for Tapestry and Capri after the death of their major fashion merger
What would have been the biggest fashion industry merger since the mid-2000s died today after two major luxury brands confirmed that their $8.5 billion deal is off. When it was announced last year, the acquisition of Capri by Tapestry was touted as a way to bring several famous brands under the same roof.
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.
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.
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, Tapestry Scrap Merger After FTC Blocked Deal
Capri Holdings Ltd and Tapestry Inc. scrapped their $8.5 billion plan to merge after a court order froze the proposed combination of the US fashion companies due to antitrust regulators’ objections.
Tapestry’s stock pops and Capri falls 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.
Capri terminates Tapestry merger citing regulatory hurdles
The proposed merger that would've combined six luxury brands owned by Capri and Tapestry was abandoned by the companies due to regulatory challenges posed by an FTC lawsuit.
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 ...
More space, less money: Michael Kors halves rent at Plaza District property
Hartz Mountain Industries secured fashion retailer Michael Kors at 667 Madison through 2034, but at a notable cost.
Major fashion handbag brand gives huge update on FTC merger appeal
However, Tapestry and Capri, two American luxury companies, refused to fall behind their European counterparts any longer and ...
Yahoo1d
Walmart Is Selling a 'Gorgeous' $268 Michael Kors Crossbody for Just $60, and Shoppers Are Obsessed
Related: Walmart Is Selling This 'Beautiful' $348 Michael Kors Crossbody For Only $131 — Act Fast Before It's Gone The ...
Seeking Alpha13h
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 ...
E!3d
These Michael Kors’ Designer Handbags Are All Under $150 With an Extra 22% off for Singles’ Day
The Singles’ Day sale has made its way to Michael Kors this year, just in time to treat ourselves ahead of the holidays with ...
Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock
(Reuters) -Tapestry said on Thursday it was terminating its $8.5 billion bid for Michael Kors owner Capri after a legal ...
This week only: Michael Kors on sale starting at $59 for a limited time at Walmart
Black Friday is right around the corner but shoppers can start saving big at Walmart at any time of the year. Right now, ...