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Capri, Tapestry Scrap Merger

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.

UPI News on MSN · 19h

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.

The New York Times · 14h

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.

19hon MSN

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 ...

NBC Washington1d

Capri and Tapestry abandon plans to merge, citing regulatory hurdles

Tapestry and Capri have mutually agreed to call of their merger. The parent companies behind Coach and Michael Kors saw ...

Capri Holdings: Navigating Market Challenges with a Cautious Hold Rating

Analyst Oliver Chen of TD Cowen maintained a Hold rating on Capri Holdings (CPRI – Research Report), reducing the price target to $22.00.

Yahoo Finance7d

Michael Kors Owner Capri Sees Business Fall Further as Revenues Drop 16.4%

Capri Holdings is still looking to find its ... which led to $3 million in operating losses. Michael Kors’ top line dropped 16 percent to $738 million, with retail sales decreasing by midsingle ...

Hosted on MSN16h

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 ...

13h

Capri says open to talks with companies interested in assets

CEO says the company is well positioned to move ahead as an independent public company after Capri and Tapestry (TPR) ...

Retail Dive3d

Capri revenue falls sharply as hopes of a Tapestry merger dim

Revenue at Michael Kors, the company’s biggest brand, dropped 16% year over year. Revenue at the brand dropped by double ...

Crain's New York1d

Michael Kors lands a half-price deal for its Plaza District store

at an 80% discount to the pre-pandemic rate for the area. Like many luxury brands, Michael Kors is having a challenging ...

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