michael kors tapestry news

Capri, Tapestry Scrap Merger

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.

UPI News on MSN · 1d

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.

Hypebeast · 18h

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.

ABC News1d

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 and ...

Hosted on MSN1d

Tapestry and Capri Terminate $8.5B Merger Agreement

Tapestry Inc. and Capri Holdings are officially going their own way. The two companies agreed to terminate their merger ...

21h

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 ...

1don MSN

Maker of Coach handbags calls off merger with company that produces Michael Kors...

Fashion company Tapestry on Thursday said it's terminating its proposed merger with Capri because the two luxury groups don't expect to overcome an antitrust challenge within an acceptable time frame.

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