The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo and ...

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.

The results were in contrast to those of Coach-parent Tapestry, whose $8.5 billion deal to buy the company was blocked by a U.S. judge last month. Capri said Michael Kors' quarterly revenue ...

Michael Kors’ top line dropped 16 percent to $738 ... The company, which was already losing traction, agreed to sell itself to Coach parent Tapestry Inc. in an $8.5 billion deal signed in ...

A judge has blocked Coach owner Tapestry from buying rival Capri, endorsing the Federal Trade Commission’s competition concerns. That is bad news for Capri, whose top brand Michael Kors has only ...

A US judge blocked the pending $8.5 billion merger of handbag and accessories maker Tapestry and Capri on Thursday, a victory for the Federal Trade Commission that is a likely death blow for ...

A U.S. District judge has halted the merger between the makers of Coach and Michael Kors handbags, saying it would reduce competition and hurt consumers. In her ruling Thursday, U.S. District ...

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Consumers would have less cash in their purses if a proposed Coach-Michael Kors merger went through, the Federal Trade Commission charged. And now a federal judge has agreed, issuing a preliminary ...

Tapestry Inc.’s $8.5 billion acquisition of Michael Kors owner Capri Holdings Ltd. has been handbagged. On Thursday, US District Judge Jennifer Rochon froze the deal, concluding that it would ...

Capri, the parent company of fashion brands Michael Kors and Jimmy Choo, saw its stock tank nearly 50% on Friday after a federal judge blocked its pending $8.5 billion merger with Coach owner ...

The F.T.C. had sued to halt the merger of Tapestry, the parent of Coach and Kate Spade, and Capri, the owner of Versace and Michael Kors. By Lauren Hirsch and Jordyn Holman A federal judge moved ...