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Capri, Tapestry Scrap Merger

The New York Times · 23h

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.

Hosted on MSN · 1d

Tapestry and Capri Terminate $8.5B Merger Agreement

Now Capri is pressing forward with a revamp that will include store closures and a marketing push for its Michael Kors brand.

Fortune on MSN · 22h

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.

21m

Tapestry Made The Right Decision To Go It Alone Without Capri Dragging It Down

Tapestry dodged a bullet by canceling its acquisition of Capri Holdings. It is freed from taking on the many problems at ...

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 ...

14h

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.

17h

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 ...

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