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Coach Parent Tapestry Stock Soars, Capri Falls

Barron's · 22h

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 regulators.

Reuters on MSN · 22h

Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock

Tapestry is terminating its $8.5 billion deal to buy Michael Kors-owner Capri following a legal hurdle, the companies said on Thursday, ending their effort to create a U.S. luxury giant to compete with major European players.

Investopedia on MSN · 15h

Coach Parent Tapestry Stock Soars, Capri Falls as Brands Call Off Merger

Shares of Coach and Kate Spade parent Tapestry jumped Thursday morning while those of Michael Kors and Versace owner Capri Holdings fell after they called off their planned merger over ongoing legal challenges.

Maker of Coach handbags calls off merger with company that produces Michael Kors accessories

The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo and ...

15h

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 ...

8don MSN

Coach parent Tapestry pauses Capri integration plans amid appeal to lift block

Tapestry raised its annual earnings target and topped market expectations for first-quarter revenue on Thursday, as the Coach ...

Bloomberg on MSN7d

Tapestry Boosts Outlook on Stronger Coach Brand Sales

Tapestry Inc. raised its guidance for the year on better-than-expected revenue at its Coach brand, while Capri Holdings Ltd. ...

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