tapestry kate spade 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.

The Washington Post on MSN · 17h

Fashion houses Tapestry and Capri end merger plan as FTC gets a luxury win

The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle.

Hypebeast · 12h

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.

14h

Tapestry's $8.5B Merger Collapses--But Shareholders Are About to Cash In Big

Antitrust regulators killed the deal, but Tapestry's pivot to buybacks and organic growth is stealing the spotlight ...

NBC Washington1d

Capri and Tapestry abandon plans to merge, citing regulatory hurdles

The $8.5 billion acquisition, originally announced in August 2023, would have married America's two largest luxury houses and ...

11h

Tapestry added to Analyst Focus List at JPMorgan

JPMorgan analyst Matthew Boss added Tapestry (TPR) to the firm’s Analyst Focus List as a value pick after the company reached an ...

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 ...

19h

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 including Michael Kors and Versace, following a successful legal challenge by US ...

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