Coach parent Tapestry pulls $8.5 billion bid for Capri
After the US Federal Trade Commission halted the sale, stating that it would eliminate direct competition in the mid-tier ...
The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle ...
For Tapestry, which gets 76% of its revenue from Coach, a mature brand, the goal of the merger was to find new sources of ...
Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, ...
The proposed merger that would've combined six luxury brands owned by Capri and Tapestry was abandoned by the companies due ...
Key Takeaways The stocks of Tapestry and Capri Holdings moved in opposite directions Thursday after the brands called off a ...
The $8.5 billion acquisition, originally announced in August 2023, would have married America's two largest luxury houses and ...
Tapestry, Inc. (NYSE:TPR) shares are trading higher premarket on Thursday after the company disclosed that it has reached an ...
Key Takeaways Versace's parent company, Capri Holdings, reported fiscal-second-quarter results that missed analysts' ...
Tapestry announced the termination of the merger, leaving question marks about how both companies will fill the void.
Capri (CPRI) reports worse-than-expected FQ2 results as losses in Versace and Michael Kors weigh on results. Read more here.
Capri Holdings revenue decreased 16.4% to $1.08 billion for ... offset by an 8% drop both in Asia and the Americas.
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