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Capri, Tapestry Scrap Merger
Capri Holdings, Tapestry agree to end $8.5B merger deal
Capri Holdings (NYSE:CPRI) and Tapestry, Inc. (NYSE:TPR) have mutually agreed to end their $8.5B merger deal. “Capri and Tapestry mutually agreed that terminating the merger agreement at this time is in the best interest of both companies,
Tapestry’s stock pops and Capri falls 6% as fashion giants scrap merger deal
Tapestry Inc.’ stock jumped 6.8% early Thursday, while Capri Holdings Inc.’s stock fell about 4%, after Tapestry said it’s terminating its $8.5 billion merger agreement with its smaller rival.
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.
58s
The Owner of Coach Abandons Its $8.5 Billion Bid to Take Over Versace’s Parent Company
Tapestry and Capri Holdings have called off their $8.5 billion merger. Tapestry owns brands like Coach and Kate Spade, while ...
1h
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) ...
sgbonline
9h
Capri Holdings and Tapestry Terminate Merger Agreement
Capri
Holdings
Limited has reported the mutual termination of its definitive merger agreement with Tapestry, Inc.
Capri
...
6d
Why Capri Holdings Stock Was Falling Today
The merger was blocked after a district court agreed with the Federal Trade Commission that the deal would significantly ...
1h
Capri Holdings call volume above normal and directionally bullish
Bullish option flow detected in Capri Holdings (CPRI) with 17,489 calls trading, 1.6x expected, and implied vol increasing over 1 point to ...
Retail Dive
2d
Capri revenue falls sharply as hopes of a Tapestry merger dim
Capri
Holdings
revenue decreased 16.4% to $1.08 billion for the second quarter of fiscal 2025, according to a Thursday ...
6d
on MSN
Michael Kors Owner Capri Sees Business Fall Further as Revenues Drop 16.4%
CEO John Idol described the results as disappointing and pinned them on the "softening demand globally for fashion luxury ...
3d
Capri Holdings: Hold Rating Amid Sales Decline and Acquisition Uncertainty
TD Cowen analyst Oliver Chen maintained a Hold rating on Capri Holdings (CPRI – Research Report) yesterday and set a price target of ...
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Tapestry
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