The Owner of Coach Abandons Its $8.5 Billion Bid to Take Over Versace’s Parent Company
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 billion deal was announced last year, but the Federal Trade Commission sued to block the merger and a federal judge agreed with the federal agency last month.
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Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to ...
Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, ...
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 ...
Coach owner Tapestry might just have to say “thank you, next” to Michael Kors owner Capri. Instead, it has found something ...
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 ...
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 ...
Tapestry ( (TPR) ) just unveiled an announcement. Tapestry, Inc. announced the termination of its merger agreement with Capri Holdings Limited, ...
Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agreement with Capri Holdings ...
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