Coach parent Tapestry pulls $8.5 billion bid for Capri
What would have been the biggest fashion industry merger since the mid-2000s died today after two major luxury brands ...
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 ...
Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, ...
To the surprise of no one, Tapestry ( NYSE: TPR) has walked away from a potential merger with its struggling competitor Capri ...
Key Takeaways Versace's parent company, Capri Holdings, reported fiscal-second-quarter results that missed analysts' ...
The proposed merger that would've combined six luxury brands owned by Capri and Tapestry was abandoned by the companies due ...
The $8.5 billion acquisition, originally announced in August 2023, would have married America's two largest luxury houses and ...
Capri (CPRI) reports worse-than-expected FQ2 results as losses in Versace and Michael Kors weigh on results. Read more here.
Tapestry, Inc. (NYSE:TPR) shares are trading higher premarket on Thursday after the company disclosed that it has reached an ...
Analyst Oliver Chen of TD Cowen maintained a Hold rating on Capri Holdings (CPRI – Research Report), reducing the price target to $22.00.
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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